According to the latest inflation report, Mexico’s annual inflation rate slowed for the first time this year in April.
Consumer prices in Mexico increased by 4.45% in the year through April, slightly down from a 4.59% rise in the previous month.
The core index also slowed to 4.26% from 4.45% in March, slightly below expectations of a 4.27% increase.
Mexico’s central bank, Banxico, is scheduled to announce its monetary policy decision later Thursday after an unexpected 25-basis-point cut in March that lowered its benchmark interest rate to 6.75%.
The market anticipates Banxico will make a final 25-basis-point cut to the benchmark rate.
Despite recent easing, inflation still exceeds the monetary institution’s target of 3%, with a margin of plus or minus one percentage point.
By CEO NA Editorial Staff
