MEXICO CITY Feb 8 Mexico's central bank must
remain vigilant on inflation despite a recent easing in the
headline rate to its lowest in more than a year, central bank
board member Manuel Sanchez said on Friday.
Sanchez said the recent decline to 3.25 percent in January
largely reflected one-off factors and inflation expectations had
not clearly improved.
"The short period of improvement in inflation, the
extraordinary factors which explain it and the lack of a
prolonged tendency towards the permanent objective mean that
monetary policy must remain vigilant," he said in a presentation
prepared for delivery in Monterrey.