| | |  Business News 
Mexico's Carstens Not Troubled by Inflation
 Jason Lange, Luis Rojas & Patrick Rucker - Reuters
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February 25, 2010
| | Mexican Central Bank Gov. Agustin Carstens | |
Mexico City - The following are highlights of remarks from Mexican Central Bank Gov. Agustin Carstens in an interview with Reuters on the future of monetary policy and the Mexican economy.
HIS VIEW ON MONETARY POLICY, AFTER SAYING IN DECEMBER RATES SHOULD STAY STEADY FOR A RELATIVELY LONG TIME
"My position has not changed. My view has not changed, and I think the position of the (monetary policy) board has also not changed."
SOME CONSUMER PRICES HAVE RISEN HIGHER THAN THEY SHOULD IN THE WAKE OF NEW TAXES IN 2010, BUT THESE ARE ISOLATED CASES
"We detected some prices, above all in processed foods, tobacco and beverages, that showed a price increase that was above what was justified. That is not an alarm. It does not mean we are expecting something in particular. It is simply a data point. What's important is that this is a small group of prices, so this (increase) is not a generalized process."
"We will be following these products closely to try to get a clear idea about what is going on."
INFLATION AT CENTER OF POLICY DISCUSSIONS
"The frame in which we will be making decisions is still dominated by the impact of the changes in government-set prices and taxes... This is within a setting in which there are mitigating factors for inflation."
AGREES WITH FINANCE MINISTRY 2010 GROWTH WILL BE 3.9 PCT
"Really, I share the prediction that the finance ministry made."
ON MEXICO'S PLAN TO BOOST INTERNATIONAL RESERVES
"This more than anything is about ... being better positioned to face volatility in financial markets, which is still prevelant. Things have improved but we won't be exempt from any surprises that show up down the road."
(Editing by Andrew Hay, Leslie Gevirtz)
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