May 11, 2017 / 5:28 PM / a year ago

Mexico inflation could converge toward 3 pct by end-2018 - Carstens

MEXICO CITY, May 11 (Reuters) - Mexican inflation in 2018 is expected to be below the central bank’s tolerance ceiling of 4 percent, and could converge to its 3 percent target by the end of 2018, the central bank’s governor Agustin Carstens said on Thursday.

Carstens said he also expects a “much clearer” downward inflation trend toward the end of this year, adding that he was confident he was leaving the job of governor with inflation headed toward the target.

Carstens is due to take up his new job leading the Bank for International Settlements in December this year.

On Tuesday, data showed Mexican annual inflation quickened to its fastest pace in nearly eight years as consumer prices rose 5.82 percent in the year through April. (Reporting by Anthony Esposito; Editing by Alistair Bell)

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