Analysts raise Mexico inflation forecasts, cut growth

Analysts watching Mexico raised their expectations for inflation over the next two years while trimming their growth estimates, a Mexican central bank survey showed on Friday.

The poll also showed analysts now expected a weaker peso in 2017 and 2018 compared to a poll from late November. The growth outlook and peso view have moved following concerns that U.S. President-elect Donald Trump will curtail trade with Mexico.

Mexico's central bank, which targets inflation of 3 percent, has hiked interest rates five times this year after a slump in the peso threatens to fan inflation higher.