Reported about 7 hours ago
In early February, Mexico's annual inflation rate rose to 3.74%, closely matching economists' forecasts and contributing to the likelihood of a sixth consecutive interest rate cut by the central bank, Banxico. Core inflation also increased slightly to 3.63%. Despite the cut to 9.5% on February 6 and a reduction in some prices, persistent inflationary pressures could pose challenges for future monetary policy adjustments as the country faces economic uncertainties, including a significant quarterly contraction in late 2024.
Source: YAHOO