World Economy

Mexico Inflation Below Target

Mexico Inflation Below TargetMexico Inflation Below Target

Mexico’s annual inflation rate rose less than expected in the first half of April, remaining below the central bank’s target and giving policymakers room to keep interest rates unchanged, Reuters reported. Inflation in the 12 months through mid-April was 2.60%, the national statistics institute said on Friday, below a forecast 2.71% rate in a Reuters poll and up from 2.49% in the second half of March. Mexico’s central bank expects inflation to rise slightly above its 3% target sometime in 2016, but fall back toward the target by the end of the year.