“We are still going to increase the rate a little more, I don’t think much more, and we are getting closer to what could be a terminal rate,” he said.
Heath added that the next monetary policy decisions will take into account the 600 base points that the Governing Board has already raised since June, as well as the increases by the Federal Reserve, that is, they will not necessarily follow the US central bank.
Regarding inflation, Heath stressed that the main element to consider in his decision is underlying inflation, that is, the one that is considered the best parameter to measure the trajectory of prices.
“Underlying inflation continues to be, perhaps of all the variables or indicators, the one that we are monitoring the most, taking into account followed by the same inflation expectations. If our inflation decouples from the behavior of inflation in the United States, obviously that gives us ground to make decisions and disengage,” he said.
Inflation was 8.14% in the first half of November and the rate stands at 10%.
