Mexico’s headline inflation rate declined further in the first half of August, but sticky services inflation will remain a concern for the central bank. This, alongside hawkish comments from officials, means that Banxico will be the last major central bank in the region to ease monetary policy (around the turn of the year). And interest rate cuts will be more gradual than most currently anticipate.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.