Mexico's Carstens sees rapid decline in inflation next year
QUERETARO Oct 26 (Reuters) - Mexico's central bank chief Agustin Carstens said on Sunday that he sees inflation heading quickly towards policymakers' target 3 percent rate next year.
Mexico's annual inflation rate hit a nine-month high of 4.32 percent in early October.
Carstens said at a business conference in Queretaro that a slower pace of government-controlled gasoline price hikes set to take effect next year would help inflation "converge very rapidly toward 3 percent". (Reporting by Elinor Comlay and Tomas Sarmiento; Editing by Ryan Woo)
© Thomson Reuters 2017 All rights reserved.