The Mexican central bank governor said inflation expectations have remained stable despite a slump in the peso, which has hit a series of record lows.
After a week of controversy the Mexican TV host said that only an idiot would think that the dollar does not affect Mexico's economy.
The economy grew by about 0.6 percent from the prior quarter, according to estimates by the national statistics agency.
Banxico added that it expects inflation to hold slightly below its 3 percent target for the rest of 2015.
English20/08/2015
Mexico cuts 2015 growth forecast
Mexico's Finance Ministry trimmed its growth outlook for this year to a range of 2 to 2.8%.
With economic growth running at only slightly above 2%, business leaders have mainly held back from passing the increased costs of imported goods and materials on to consumers, but some now say they cannot continue to bear the full burden.
The President said that during the first 30 months of his administration 1.3 million jobs were created, compared to the 130,000 jobs that were lost during the administration of Vicente Fox and the 500,000 jobs lost under Felipe Calderón.
The Finance Minister said that the three financial crises that hit the country in the last thirty years still weigh on the economy.
The accumulated current account deficit for the quarter was the equivalent of 3.2 percent of gross domestic product, the central bank said.