Ambassador Wayne and Bank of Mexico Governor Carstens Discuss Economic Outlook

Ambassador Wayne and Bank of Mexico Governor Carstens Discuss Economic Outlook

Mexico City, November 16, 2011 — U.S. Ambassador Anthony Wayne and Bank of Mexico Governor Agustin Guillermo Carstens Carstens met today at the Bank of Mexico to discuss key issues such as the prospects for structural reforms, the global economic outlook, the agenda for Mexico’s upcoming G-20 presidency, and North American financial market integration, among other things.

“I’ve long been an admirer of Dr. Carstens’s contributions to Mexico’s economic development and financial stability over the years.  His firm hand at the Central Bank will surely help guide Mexico in weathering the impact of lower economic growth in the world,” Ambassador Wayne said.  “We look to Governor Carstens for his continued support for fiscal and anti-money laundering reforms, as well.  Continuing with such reforms will be important for Mexico’s financial resilience given the current state of global economic affairs.”

Ambassador Wayne and Governor Carstens discussed Banxico’s demonstrated autonomy and its strict adherence to its only mandate: to maintain price stability.  Both noted that by maintaining price stability, Banxico is contributing to economic growth with low inflation and interest rates.

“I look forward to working with Governor Carstens and other financial sector actors to ensure that market conditions optimize economic growth for both our countries,” Ambassador Wayne said.