Mexico central bank cuts 2015, 2016 growth outlook

miércoles 18 de febrero de 2015 14:50 GYT
 

MEXICO CITY Feb 18 (Reuters) - Mexico's central bank revised down its growth outlook for this year and next on Wednesday after a sharp drop in oil prices spurred budget cuts and dampened the outlook for an opening of the country's energy sector.

The central bank, in its quarterly inflation report posted on its website, said it now saw growth in 2015 between 2.5-3.5 percent, down from 3.0-4.0 percent in its last report.

The bank lowered its 2016 forecast to between 2.9-3.9 percent from 3.2-4.2 percent.

The Banco de Mexico said it saw inflation ending the year below its 3 percent target amid slack domestic demand. (Reporting by Joanna Zuckerman Bernstein and Noe Torres)