OREANDA-NEWS. March 23, 2015. Mexico's central bank will closely watch the exchange rate and price developments to see if a policy adjustment is needed, the bank's governor Agustin Carstens said on Thursday.

A slump in global oil prices has helped drag down Mexico's peso, which has hit record lows in recent weeks.

Speaking at a banking conference in Acapulco, however, Carstens said the peso's decline against the dollar has mainly been due to external factors, adding that inflation could be affected by Mexico's monetary policy relative to that of the United States.