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  • Mexican inflation stays contained but firmer core inflation justifies Banxico’s cautious pause.
  • Non-core disinflation offsets tax-driven core stickiness leaving policy easing gradual in Q2.
  • Colombia’s January CPI surge reflects the minimum-wage hike and the stalling convergence to target.

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Keywords for: 10 February 2026 LatAm Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence