Uncertainty due to the effect of the increase in some taxes keeps inflation on the rise, warns Jonathan Heath
Jonathan Heath of Banco de México indicates that rising inflation projections may be underestimated due to the uncertain effects of recent fiscal adjustments.
Here is the dollar quotation in Mexico this Wednesday, February 11, 2026
On February 11, 2026, the Mexican peso strengthened slightly against the dollar, closing at 17.17 units per dollar, aided by positive comments from Banco de Mexico's Jonathan Heath about potential interest rate cuts.
Heath accuses Banxico: ‘We foresee inflation rise, but consider rate cuts’
Jonathan Heath, subgovernor of the Bank of Mexico, criticized the central bank's inconsistent approach toward rising inflation and potential rate cuts.