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LatinNews Regional Monitor: Mexico - 26 July 2017
In brief: Mexico
*The national statistics and geography institute (Inegi) has released new inflation figures which show that over the first two weeks of July the inflation rate in Mexico slowed down from the preceding month’s rate of 6.33% to 6.28%. The fall in the general inflation rate in the first half of July comes after five consecutive months of rising inflation, which remains above the official 3% target set by the central bank (Banxico). This suggests that inflationary pressures may finally be abating in Mexico and could lead Banxico to reverse its current policy of increasing interest rates as part of a bid to contain inflation.
