LatinNews Daily - 01 March 2018

*Mexico’s central bank (Banxico) has ratified its 2%-3% GDP growth forecast for this year. In its report on the fourth quarter of 2017, Banxico notes that the forecast is based on the expectations that external demand for Mexican goods will remain strong but tempered by the uncertainty that still surrounds the future of the North American Free Trade Agreement (Nafta), which could “negative affect investment in the country”. As for inflation, which ended 2017 at a record high of 6.77%, Banxico forecasts that it will come down towards its 3% target throughout the year. However, Banxico is clear that this will only happen if the peso/US dollar exchange rate remains stable and does not exhibit high levels of volatility.

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