Jonathan Heath is the deputy governor of the Bank of Mexico. He was nominated by President Andrés Manuel López Obrador in January 2019.
Heath has faced the unexpected shocks caused by the Covid-19 pandemic, which triggered inflation to reach 8% in Latin America's second economy. The Government has increased the minimum wage by approximately 20% each year, putting pressure on the cost of living. Another channel is inflating consumption: the increase in social programs, including pensions for older adults, young apprentices and parents. The global commercial panorama is mixed, adds the specialist, and the exchange rate is more difficult to anticipate than ever. He tells EL PAÍS in an interview in the days before the start of the National Banking Convention that will take place in Acapulco on Thursday, April 18 and Friday, April 19. Inflation, although it has decreased lately, has been showing signs of persistence, of wanting to stay there and of particular concern are the prices of services that do not yet show a downward trend.