MEXICO CITY, Nov 19 (Reuters) - Mexico’s central bank on Wednesday cut its growth outlook for next year and narrowed the range of its forecast for this year.
The central bank in its quarterly inflation report dialed back its growth forecast for next year to between 3.0-4.0 percent from between 3.2-4.2 percent.
Policymakers said the economy would grow between 2.0-2.5 percent this year compared to their previous forecast for an expansion between 2.0-2.8 percent.
The central bank said that inflation will fall back from current levels above policymakers’ 4 percent ceiling to close to 3 percent by the middle of next year. (Reporting by Michael O‘Boyle)