The further fall in Mexican inflation in July, to 3.8% y/y, keeps an interest rate cut at next week’s policy meeting on the table. It will be a close call, but on balance we think the central bank will shrug off the recent weakness in the peso and cut rates by 25bp.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.