Latinnews Daily - 31 October 2017

* The president of Mexico’s central bank (Banxico), Agustín Carstens, has said that inflation has reached its peak and will start coming down towards Banxico’s target of 3% by the end of 2018. According to the latest official figures, inflation in Mexico accelerated to 6.3% in the first fortnight of October, up from 6.17% in the second two weeks of September. This is the highest level since August last year. Carstens said that inflation had been higher than expected in 2017 due to increased prices for electricity and agricultural products deriving from the depreciation of the peso against the US dollar, the liberalisation of petrol fuel prices since January, and recent natural disasters.

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