Guillermo Ortiz
Guillermo Ortiz
competition dominant implies lowering position promoting
This dominant position implies difficulties for promoting more competition and, as a result, for lowering prices.
above growth quarter
We are going to have growth in the first quarter above 4.5 percent.
box case floor hidden interest keeping rate short
We now have two (instruments), an interest rate floor and the short. We're keeping the short hidden away in a little box for now, in case we need it.
likely looks
It looks more likely that we will be in the upper end of the range.
continue data expect growth industrial production quarter revise surely type vigorous
We expect vigorous growth for the first quarter of the year. If we continue having this type of industrial production data we will surely have to revise growth (estimates) upwards.
interests parent
Parent banks' stakeholders are not necessarily the same as those of their subsidiaries. Moreover, their interests may diverge, especially during a crisis.
appears domestic gross less moderate percent result
The result appears to be a moderate deficit, less than 1 percent of gross domestic product.
numbers
For the quarter, the first numbers we have are promising.
encourage strengthen
Host-country authorities need to encourage subsidiaries to strengthen their stand-alone abilities.
expecting markets policy several shift time
The markets have been expecting a policy shift for some time and the announcement has clarified several issues.