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23rd Jul 2025 08:38Latin AmericaDaily Monitor

  • Disinflation has resumed in Mexico, driven by softer food and energy prices; services are still a challenge.
  • Favourable base effects, a stronger MXN and subdued demand continue to support disinflation.
  • July data support a 25bp Banxico rate cut, as structural pressure limits the magnitude of easing.

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Keywords for: 25 July 2025 LatAm Monitor

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