17/03/2024
Mexico Inflation Dips to 4.4% in Feb, Interest Rate Cut Expected - Mexico’s inflation rate dropped in February, reversing a four-month upward trend and bolstering the likelihood of the Bank of Mexico (Banxico) lowering its benchmark interest rate later this month. Year-over-year inflation reached 4.40% in February, down from 4.88% in January, according to the national statistics agency INEGI. This figure is slightly lower than analyst expectations (4.44%). The month-on-month increase in consumer prices (0.09%) was the lowest for this period since 2019. https://banderasnews.com/
