Mexico Annual Inflation Tops All Forecasts Before August Rate Decision

Mexico’s headline inflation accelerated much more than expected early this month, complicating investor bets that Banco de Mexico will resume interest rate cuts in August, Bloomberg News reported. Official data published Wednesday showed consumer prices rose 5.61% in the first two weeks of July from the same period a year earlier, above all forecasts in a Bloomberg survey of economists that had a 5.38% median estimate.
Mexico
Read more

Mexico’s Inflation Jumps and Clouds Banxico’s Rate Cut Path

Mexico’s inflation accelerated more than expected in June, complicating central bank’s efforts to cut interest rates that remain near an all-time high, Bloomberg News reported. Consumer prices rose 4.98% from a year earlier, above the 4.87% median estimate of analysts in a Bloomberg survey. Core inflation, a metric that strips out volatile components and that the Mexican central bank watches closely, slowed to 4.13%, slightly below the 4.14% median estimate.
Mexico
Read more