Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Mexico’s annual inflation undershoots forecasts ahead of rate decision

admin by admin
September 24, 2024
in Economy
0
Mexico’s annual inflation undershoots forecasts ahead of rate decision
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Mexico’s annual inflation slowed more than expected in the first half of September, official data showed on Wednesday, paving the way for the country’s central bank to deliver another interest rate cut at a meeting later this week.

In Latin America’s second-largest economy, 12-month headline inflation came in at 4.66% in early September, statistics agency INEGI said, below both the previous month’s 5.16% and the 4.73% forecast by economists polled by Reuters.

The key figure remains above the Bank of Mexico’s (Banxico) 3% target, plus or minus one percentage point, but will likely open the door for it to maintain a monetary easing cycle on Thursday, when it is set to announce its next policy decision.

Mexico’s central bank last month lowered borrowing costs by 25 basis points to 10.75% in a divided vote, and market participants expect another 25-basis-point cut to 10.50% this week, according to a Reuters poll.

In the first half of September alone, INEGI data showed, Mexico’s consumer prices increased 0.09%, while economists in a Reuters poll expected a 0.15% rise.

This post appeared first on investing.com

Previous Post

UniCredit raises stake in Commerzbank to 21%, seeks approval to increase holding to 29.9%

Next Post

JPMorgan bullish on India and Japan – report

admin

admin

Next Post
JPMorgan bullish on India and Japan – report

JPMorgan bullish on India and Japan – report

Trending News

Orsted cancels major UK offshore wind project amid rising costs

Orsted cancels major UK offshore wind project amid rising costs

May 7, 2025
Why is Australia’s economy falling behind after decades of growth?

Why is Australia’s economy falling behind after decades of growth?

January 14, 2025
Why Macy’s delayed its Q3 earnings release

Why Macy’s delayed its Q3 earnings release

November 25, 2024
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.