| Mexico Government, Central Bank Seek to Stabilize Food Prices James Young - MNI | |
| go to original July 29, 2013 |
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MEXICO CITY - The government and the Bank of Mexico are exploring tools to stabilize food prices with the aim of helping those living below the poverty line to be more able to acquire basic food staples, Finance Secretary Luis Videgaray announced Monday.
Speaking at a conference on poverty conditions with Social Development Secretary Rosario Robles, announced, Videgaray said the agencies "are working together with the Bank of Mexico to establish mechanisms that make it possible to better stabilize food prices and contribute to lowering inflation, not just core but non-core as well, which has shown greater volatility in the last 18 months."
He did not provide details on what those mechanisms might be.
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