Mexican bank Banorte says govt plan likely to boost consumption

MEXICO CITY, Jan 29 (Reuters) - The chief executive of Mexican lender Banorte GFNORTEO.MX said on Wednesday the government's "Plan Mexico" investment framework should boost private consumption in Latin America's No. 2 economy, though uncertainty remains on potential impacts by the government of U.S. President Donald Trump.

In the short term, issues such as tariffs, migration and security could cause friction with the U.S., Banorte CEO Jose Marcos Ramirez said in a call with analysts. In the long term, the two countries are likely to further integration in the auto and electronics sectors, he added.