Mexican economy 'set for strong recovery'

MEXICO - Mexico's central bank governor said Monday the bank had set an inflation target of 3 per cent for next year and predicted a strong recovery for the country's economy.

His words, made during the Bank of Mexico's quarterly report on inflation, showed great confidence in light of the severe economic difficulties in other countries in Latin America. The remarks also came after a period in which Mexican markets have come under pressure.

Instead, Guillermo Ortiz, the bank's governor, predicted

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