| Worsening Inflation Outlook in Mexico 'Worrisome' Says Cenbanker Krista Hughes and Michael O'Boyle - Reuters | |
| go to original September 29, 2012 |
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MEXICO CITY - A worsening outlook for inflation in Mexico is 'worrisome', central bank board member Manuel Sanchez said on Friday.
In the text of a speech to a chapter of the United States-Mexico Chamber of Commerce in New York, he noted private-sector forecasts for inflation to exceed 4 percent through the rest of the year.
"The worsened scenario is worrisome, as inflation imposes a significant cost on society," Sanchez said.
The Banco de Mexico targets inflation of 3 percent, with a one percentage point tolerance zone on each side.
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