Economy and macroUpdated November 9

Mexico inflation rose to 3.75% in October.

Mexico’s October figures arrive while the central bank’s latest rate decision is still fresh. The national statistics office said annual consumer-price inflation reached 3.75%, above the 3.65% average analyst forecast and September’s 3.45%. Last Thursday, the Bank of Mexico cut its key rate to 6.25%, its lowest level in four years. It also said it would keep the rate low “for a long time.” That promise now sits beside an inflation reading that exceeded expectations, so the rate cut is likely to draw closer scrutiny.

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Coverage started November 9