Mexico's Ortiz sees inflation falling

Central bank Governor Guillermo Ortiz said Wednesday 27 October that he expects Mexico's annual inflation rate to start declining in the second quarter of 2005, and the Banco de Mexico remains committed to fighting rising prices.

Ortiz told a news conference that core inflation should decrease by next year's second quarter, although it's harder to say whether overall inflation - measured by the consumer price index - will do the same.

Ortiz said inflation will probably follow "a sideways trend

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