Inflation in Mexico seen at around 4 pct by early 2018 – Carstens

7/5/2017 Reuters

380px-Agustin_CarstensMexico’s inflation rate should drop to around 4 percent by next January, Banco de Mexico Governor Agustin Carstens said in a recorded interview broadcast on Wednesday night.

“In January of next year, (inflation) should be below 4 percent,” Carstens told El Financiero Bloomberg.

The country’s top monetary policy authority later revised the comment to say that the measure of rising prices would be “around” 4 percent in January and could possibly dip lower as it eventually converges to the bank’s 3 percent target.

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