Analysts raised their expectations for inflation and lowered their growth estimates for Mexico this year, a Mexican central bank survey showed on Tuesday.
The central bank, which targets inflation of 3 percent with a one percentage point tolerance zone each side, cut interest rates to a record low of 3 percent in June to underpin growth in Latin America’s second biggest economy.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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