Bank of Mexico: U.S. tariffs may exert pressure on both ends of inflation

MEXICO CITY, April 10 (Reuters) - Most of the Bank of Mexico's five governing board members agreed that the risks associated with U.S. President Donald Trump's tariffs will exert both upward and downward pressures on Mexican inflation.

"They pointed out that, on the one hand, there is a greater possibility of a further exchange rate depreciation and, on the other, a greater risk of a further economic weakening," said the Mexican central bank on Thursday in minutes of its last monetary policy meeting.