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  • Monetary policy in Mexico is shifting cautiously, as inflation is sticky and growth prospects weaker.
  • The trade deficit widened in August due to the oil sector and tariff-related external uncertainty.
  • MXN appreciation and USMCA compliance support stability, despite ongoing external and fiscal risks.

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Keywords for: 29 September 2025 LatAm Monitor

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