May 30, 2018 / 6:06 PM / 6 months ago

Mexico's cenbank holds growth, inflation outlook steady

    MEXICO CITY, May 30 (Reuters) - Mexico's central bank stuck
to its forecasts for economic growth and inflation this year,
according to its quarterly inflation report on Wednesday.
    The Banco de Mexico's report said that core inflation for
the year was seen on a slightly better trajectory. It also held
its growth forecasts steady for next year.
    The bank noted that the estimates were based on the
assumption the next administration would preserve the country's
commitment to "solid" economic polices, sound public finances as
well as policies to promote investment and productivity growth. 
    Mexico holds presidential elections on July 1, with a
leftist candidate holding a strong lead. 
                       Banxico's inflation forecast
                   2018                   2019            2020
             Q2     Q3     Q4    Q1     Q2     Q3    Q4    Q1
 Headline    4.6    4.3   3.8    3.3    3.1    3.1   3.1  3.1
 inflation                                                
   Core      3.7    3.6   3.4    3.2    3.2    3.1   3.0  3.0
 inflation                                                
 
    
         Banxico's forecast for economic growth
                                  2018          2019
   Gross Domestic Product       2.0-3.0       2.2-3.2
                                             
 
    

 (Reporting by Anthony Esposito and Michael O'Boyle; Editing by
Frank Jack Daniel)
  
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