Carstens expects Mexican inflation to end year at 3% target
Mexican inflation stood at 3.03% in mid-April
Mexico's inflation rate should end the year around the central bank's target of 3%, where it should remain into 2016, Bank of Mexico governor Agustín Carstens said yesterday.
"This year we will be very close to 3%," Carstens told the Mexican congress committee of finance. "In fact, we expect to close the year below 3% and next year we will be around 3%."
The inflation rate dropped in early April to 3.03%, from 3.14% in March, even as a weaker peso threatened to push up prices in Latin America's
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