June 7, 2016 / 3:57 PM / 2 years ago

Mexico cenbank can up rate irrespective of Fed: Deputy Gov Guzman

June 7 (Reuters) - Mexico’s central bank can increase its key interest rate irrespective of when the U.S. Federal Reserve moves, and will adjust its monetary policy stance if conditions require it, a top board member said in a presentation in London on Tuesday.

Deputy Governor Javier Guzman said monetary conditions remained very relaxed given a sharp depreciation of the peso, and that the board would remain vigilant for any passthrough to inflation.

Reporting by Mexico City Newsroom

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