Banxico Growth Forecast Raised to 1.5% as Inflation Target Slips
Mexico’s central bank unexpectedly adjusted its official Banxico growth forecast on Wednesday, signaling a complex dual-track economic trajectory for the Latin American nation. Policymakers upgraded the near-term economic expansion estimate but simultaneously warned that consumer price pressures are proving far more stubborn than previously modeled. The central bank raised its gross domestic product projection for … Read more