Jan. 28 - Mexico Central Bank Governor Agustin Carstens speaks to Insider at the World Economic Forum in Davos
We it was record off -- the S Central Bank governor of Mexico Augustin Carstens told us progress. Is being made on securing an extra half trillion dollars for the -- crisis fighting fund. Well I think slowly some coincidences. -- speeding off. Hey it's a process where we need. They think we're operational for -- defense the -- Yeah I think there's a clear on the stunning. -- -- weren't that well -- utilities a lot of resources. No -- fulfilled your proposal. Look at some other companies that might need -- -- I human resources so. Mexico is working closely with -- may have similar countries to see we can get the you know. We'll senseless and get -- these of these some of resources of the on I'm given what you've been giving it travels this week are you more optimistic that you can expect things. Well thus they say of progress that's been made known -- -- tough to beat them up as Mexico and indeed other emerging markets. Are you prepared. To increase your contributions to diamond. Yes certainly we felt. They'll really say so. Gave needless to say. It is no phony and makes the global -- emerging markets wonderful. These another concentration. Upon. And -- I think Doug it will be a move in the right direction financial markets on even pricing in a quarter point interest rate cut. Throughout this entire -- How markets misread your statement from last week. No. I mean so. Our next segment is very clear that. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Both of -- and take away from the cut. That the we will be -- serving very carefully and be able illusion hopefully. I'd be put her pricing mix -- They will also be watching very carefully. It is and what he's going on in the world the -- -- and holds up leaflets that says you know exchange rate. In full so we will see how our morning study or you see. Eight eased into performing various rules that create them on the study potency of our main trading partners. A consent argued about the potential default. Strong foreign capital inflows. Following the Fed's statement this week is gonna keep the policy -- many many many things. Well they have meaning you put them up and throws. We've now seen as an occasional that they saw. In no -- reflects system from them and pencil and -- and formerly. The peso was at these live there and even stronger -- today. You know you're our goal is so it doesn't surprise me -- that this is losing his direction. I mean this year that makes people because of birdies on the phone on the you -- how do you see the risks to your growth forecast a -- half percent at 2012 to the upside my commitments. Well some -- 504000. -- decade and then you absolutely thoughtful pistol -- -- make people. More precisely these on the pentium four or send saw these states they have my -- personality point five. -- -- season and even then they see it. Violence he's seen in both directions I mean. It then Steve the policy of the defense -- is slower growth in the world economy and of course that would affect those. But then again Palin will support team is key you domestic spending. More reactivate from -- phone on this deepening market and that's ultimately fuels program growth and -- these states to point five. I think stage of the disease is the best people right and -- insensitive.