Mexico: Inflation data strengthens scenario of Banxico remaining on hold – TD Securities – by MSalordFX Mexico CentralBanks Banks
“Core inflation surprised slightly to the downside in the first half of April. This inflation component posted a 0.18% biweekly change . Thus, core inflation dropped to 7.75% in annual terms from previous 8.03%.”
“We think the slight downward surprise posted by core inflation strengthens our scenario of Banxico remaining on hold in its next monetary policy meeting . In particular, the recent performance of core inflation appears in line with Banxico's Q2 forecasts .”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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