Bloomberg News

Mexico Economy to Grow 3.8% This Year, Banamex Survey Shows

October 04, 2011

Oct. 4 (Bloomberg) -- Mexico’s economy will grow 3.8 percent this year, according to the median estimate of economists surveyed by Citigroup Inc.’s Banamex unit.

The central bank’s next movement of the benchmark interest rate will be a reduction of 25 basis points and the next move will come in October 2012, according to the median estimate in the survey.

Inflation will end 2011 at 3.40 percent, according to the survey, which was released today. The peso will trade at 12.50 against the U.S. dollar at the end of the year, the survey shows.

To contact the reporter on this story: Jose Enrique Arrioja in Mexico City at jarrioja@bloomberg.net

To contact the editor responsible for this story: Jonathan Roeder at jroeder@bloomberg.net


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