And finally, I will make some comments on inflation and monetary policy in Mexico. As usual, my remarks are entirely my own and do not necessarily reflect the position of the Bank of Mexico or its Governing Board. Economic integration with the U.S. A natural starting point for this discussion is the tight relationship between our two countries.
Mexico is increasingly linked to the United States, through high levels of bilateral exports and imports, significant FDI and technology transfers, and substantial remittances, among other channels. These bonds have yielded dividends on both sides of the border, including business and job creation, wider and more advantageous consumer choices, and higher living standards.