Bank of Mexico sets out 2001 inflation goal

Bank of Mexico governor Guillermo Ortiz said on Thursday that the central bank was determined to slash inflation further next year and would keep a tight grip on monetary policy to achieve its goals. Ortiz said the bank had set a target of reducing consumer price inflation to a maximum of 6.5% next year, down from an expected rate this year of just below 9.0%. The governor said to meet its goals, the central bank would have to "continue tightening" monetary policy. He also said: "If we're mor

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