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8th Jan 2024 20:27Latin AmericaDaily Monitor

  • Inflation in Mexico edged up in December, chiefly due to non-core pressures, as bad weather hit.
  • Core inflation continues to fall, at the margin, thanks to the lagged effect of the MXN rebound last year.
  • We expect Banxico to cut rates next month, but poor weather conditions could delay action to March.

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Keywords for: 10 January 2024 LatAm Monitor

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