The News
The News
Sunday 20 of September 2020

EPN, Videgaray Laud Historically Low Inflation Rates


REUNIÓN PLENARIA DE CONSEJEROS DE BANAMEX
REUNIÓN PLENARIA DE CONSEJEROS DE BANAMEX
Officials encourage business leaders to take advantage of structural reforms

In the last years, the Mexican economy has accelerated its growth rate with the creation of jobs, macroeconomic stability, and the lowest rate of inflation in 46 years, said President Peña Nieto.

Luis Videgaray considers maintaining macroeconomic stability a top priority, despite low rates of inflation. Photo: NOTIMEX/Armando Ayala
Luis Videgaray considers maintaining macroeconomic stability a top priority, despite low rates of inflation. Photo: NOTIMEX/Armando Ayala

The Secretary of Finance and Public Credit (SHyCP) Luis Videgaray Caso celebrated that February’s inflation rate was lower than expected. He said his top priorities were also to maintain stability and take care of the credit and labor markets.

In front of the country’s business leaders, the president said that in 2015 the country saw historic rates of tourism, with 32.1 million international visitors. It saw a growth in jobs of 142,291 formal positions, the highest number since this has been measured.

In addition, February’s inflation was 2.87 percent lower than its been over the last four decades, due to the fact that in 2016 there have been reductions in the price of gas and electricity.

“To keep up with this trend, the priority of the Republic’s government is to maintain macroeconomic stability,” said Peña Nieto. “Which we’re doing with responsibility and prudence and taking the necessary steps to protect the economy of families and that of micro, small and medium sized businesses which are the base of the country’s economy and those which generate the most employment throughout Mexico.”

The president pointed out that stability is the basic condition of growth, and the fact was the reason he was inviting the country’s businesspeople to take advantage of the opportunities that his structural reforms will offer.

To keep up with this trend, the priority of the Republic’s government is to maintain macroeconomic stability, which we’re doing with responsibility and prudence and taking the necessary steps to protect the economy of families and that of micro, small and medium sized businesses which are the base of the country’s economy.”

-Enrique Peña Nieto. Mexican president.

“I invite all the businesspeople who form part of Concanaco-Servytur and its hundreds of thousands of affiliates to take advantage of the opportunities that the reforms offer to elevate their productivity and competitiveness.”

WITH ADDITIONAL REPORTING BY ROSALBA AMEZCUA