Mexican deputy says 3% inflation target could be difficult
Central bank could struggle to bring inflation to heel
The Mexican economy faces some inflation risks that, "if they materialise, could make convergence to the 3% permanent target difficult", according to Manuel Sánchez, a Bank of Mexico deputy governor.
Speaking at the Federal Reserve Bank of San Francisco in Los Angeles, the deputy governor stressed the "gradual recovery of the Mexican economy", with a forecast of 2% to 2.8% growth in 2014, but admitted there are still some challenges with the inflation.
Annual CPI inflation rose to 4.15% in
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