Reported about 1 year ago
Mexican inflation was lower than anticipated in May, potentially paving the way for an interest rate cut at the upcoming central bank meeting. Consumer prices rose 4.69% year-on-year, below the 4.82% median estimate. Core inflation, excluding volatile items, also decreased to 4.21%. After holding rates steady last month, the central bank noted it will evaluate the inflationary environment for possible rate adjustments. Analysts foresee a rate cut later in June with inflation expected to decline to 3% by late 2025 amidst current economic and political developments.
Source: YAHOO