ACAPULCO, Mexico, April 25 Mexican inflation
will likely stay around current levels for now but should ease
around June, Bank of Mexico Governor Agustin Carstens said on
Annual inflation accelerated to 4.72 percent in early April,
above the central bank's 4 percent tolerance ceiling and moving
further away from its target of 3 percent.
"It is expected that (inflation) will remain around similar
levels in the next two months, and after June it will resume a
downward trend," Carstens said at a Mexican banking industry
conference in the beach resort of Acapulco.
Mexico's central bank is expected to hold interest rates at
4 percent on Friday, but analysts are looking for any sign of
further easing ahead.
Policymakers are expected to argue that the recent spike in
inflation will quickly fade since it is mostly due to transitory
factors, such as a jump in some fresh food prices due to bad
weather, and the central bank could highlight recent signs of
weakness in the economy.