Mexico's Carstens sees inflation converging toward 3 pct by mid-2015
MEXICO CITY Oct 14 (Reuters) - Mexican inflation will converge toward the central bank's target of 3 percent by the middle of next year, bank governor Agustin Carstens said on Tuesday.
Mexico's annual inflation rate rose further above the central bank's 4 percent ceiling in September to a seven-month high, but the rise is expected to be brief, boding for steady borrowing costs ahead. (Reporting by Michael O'Boyle)
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