Annual inflation in Mexico held steady at 3.1% for the second consecutive month in April and the recent stabilisation of the peso against the dollar should help to ease fears that inflation will breach the central bank’s target range later on in the year. This, combined with relatively soft activity data for the start of this year, reinforces the case for rate hikes to be delayed until 2016.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.