Economy and macroUpdated November 9

Mexico’s annual inflation hit 3.75%.

The figure matters partly because of what came just before it. Mexico’s national statistics office said annual consumer-price inflation reached 3.75% in October, up from 3.45% in September and above every analyst forecast; the average forecast was 3.65%. Last Thursday, the Bank of Mexico cut its benchmark rate to 6.25%, and said it would keep the rate low “for a long time.” The report says the above-forecast reading is likely to intensify scrutiny of the cut as price pressures persist. Now the plan to keep rates low for a long time sits beside an inflation reading that beat every forecast.

1 publisher1 report

Coverage started November 9