Mexico's central bank may need to raise interest rates if global events hit the peso and inflation expectations, Deputy Central Bank Governor Javier Guzmán said on Tuesday.
Guzmán, according to a copy of a speech delivered in Mexico City, said that Mexico currently faces a similar situation to last December when the U.S. Federal Reserve raised borrowing costs.
Back in December, Mexico followed the Fed with a quarter-percentage point hike. Guzmán said another Fed hike could cause "disorderly" movements of capital as well as risks to inflation and financial stability.
