# Banxico's Diaz de Leon: Forex development is a risk for inflation, as is health of public finances — Octa

> Banxico Governor Alejandro Diaz de Leon said peso exchange rate developments pose a risk to inflation, as do public finances. He also flagged ratings downgrades for Mexico and Pemex as risk factors needing to be addressed.

- Date: 2019-06-11 · published 2019-06-11T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/58815-banxico-s-diaz-de-leon-forex-development-is-a-risk-for-inflation-as-is-health
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Central bank concern over inflation and currency weakness signals potential tightening or sustained high rates, which raises Mexican feed and livestock costs and can dampen feed demand.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/712378/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.