Mexico's headline inflation likely increased to 4.79% annual rate in early May, leading to speculations about the Bank of Mexico's interest rate.
Mexico's headline inflation likely increased in early May, according to a Reuters poll, for the third consecutive fortnight. This increase, to 4.79% annual rate, has led to speculations that the Bank of Mexico may maintain its key interest rate at its next monetary policy meeting. The core index, a more reliable indicator of consumer price trends, dropped to 4.31% annual rate, its lowest level since May 2021.
May 20, 2024
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