The Mexican Peso Recovers on Expectations of a Dovish Banxico

Inflation in Mexico has rebounded above what was expected by the market, as it stood at 4.22% in the first fortnight of May, according to the report published on Thursday by the National Institute of Statistics and Geography (Inegi).In the first fortnight of May, the National Consumer Price Index (INPC) showed an advance of 0.09% compared to the previous fortnight, the biggest increase for this period since 2020.

Inflation accelerated more than expected in the first two weeks of May, with the Bank of Mexico (Banxico) aggressively cutting interest rates amid signs that the economy is stagnating.Inflation in Mexico annually accelerated to 4.22 percent, above the average estimated 4.02 percent of analysts polled by Bloomberg, surpassing the central bank's target range for the first time since December 2024, according to data from the country's statistical i…

Reading time approx.: 2 minutes, 7 secondsThe investment bank expects, in the case of Mexico, that the minutes of the May 15 monetary policy meeting will recognize short-term inflation against the improvement bias within the risk balance. It will put magnifying glass in the most dovish position of sub-governor Omar Mejía, and the least “paloma,” on behalf of sub-governor Jonathan Heath.

Inflation accelerated more than expected in the first two weeks of May, with the Bank of Mexico (Banxico) aggressively cutting interest rates amid signs that the economy is stagnating. Inflation in Mexico annually accelerated to 4.22 percent, above the estimated median [...]

21:42 After years of deflation, Japan suddenly has higher inflation than the US and the eurozone. That may fall back a bit on Friday, but remains political explosive.

The Mexican Peso recovers on expectations of a dovish Banxico

The Mexican Peso (MXN) is gaining traction against the US Dollar (USD) on Thursday, supported by a hotter-than-expected mid-May inflation reading.