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Mexico cenbank ups growth targets on improved US-Mexico outlook
August 30, 2017 / 5:51 PM / 21 days ago

Mexico cenbank ups growth targets on improved US-Mexico outlook

MEXICO CITY, Aug 30 (Reuters) - Mexico’s Central Bank on Wednesday revised up growth targets for this year and next year, emboldened by signs that worst-case scenarios for U.S.-Mexico relations would not materialize.

The central bank forecast growth between 2 and 2.5 percent for 2017, up from 1.5 to 2.5 percent in the previous inflation report. For 2018, the bank predicted growth between 2 and 3 percent, up from its previous outlook of 1.7 to 2.7 percent.

The central bank also said it expects inflation to drop significantly in the first months of next year. (Reporting by Michael O‘Boyle and Julia Love)

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