Carstens expects Mexican inflation to end year at 3% target

Bank of Mexico governor Agustín Carstens

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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