Reported about 9 hours ago
In January, Mexico's inflation rate decreased to 3.59%, which was lower than expected and the smallest rise since January 2021, allowing the central bank to reduce its benchmark interest rate by half a point to 9.50%. This decrease was driven primarily by a drop in fruit and vegetable prices. Analysts foresee further rate cuts as the central bank responds to slowing economic growth and inflation within its target range, although risks to the economy still exist.
Source: YAHOO