In this respect, it is worth to note that the fact that the impact of the most recent shocks on prices has concentrated mostly on short-term inflation expectations, with a sharp downturn in price growth anticipated since early 2018, attests to the merits of the actions undertaken thus far and in general to the credibility of monetary policy.
On the other hand, it is evident that monetary policy in Mexico will continue to be implemented under very uncertain and changing conditions. Therefore, the Central Bank will need to be ready to adapt the monetary policy stance as needed to ensure an efficient accomplishment of its mandate. 8