July 11, 2017 / 3:19 PM / a year ago

Mexico's finance minister says inflation to come down

MEXICO CITY (Reuters) - Mexico’s Finance Minister Jose Antonio Meade told reporters on Tuesday he continues to expect inflation to come down.

FILE PHOTO - Mexican Finance Minister Jose Antonio Meade speaks during a conference marking the International Day of Family Remittances 2017 in Mexico City, Mexico June 16, 2017. REUTERS/Carlos Jasso

Last month, Mexico’s central bank raised its key interest rate and suggested it may have raised borrowing costs enough to contain a spike in inflation. Meade made the comments at an event of finance officials.

Reporting by Anthony Esposito

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