And, of course, the uncertainty isn’t limited just to the new NAFTA—global concerns, particularly on the US–China trade front, are clearly hurting confidence and leading firms to delay investment decisions. Another possible explanation for the weakness in investment is timing.
As usual, my remarks are entirely my own and do not necessarily reflect the views of the Bank of Mexico or its Governing Board. Monetary policy divergence Central banks guide their actions according to the developments and outlook of their own economies.