Reported 11 months 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