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August Industrial Production, Finance Minister Comments On Inflation

MEXICO
  • Overnight, Finance Minister Rogelio Ramirez de la O, said Mexico’s anti-inflation measures have prevented 300 basis points of key interest rate hikes. Additionally, measures also stopped a fall in consumption of 1% of GDP and shaved four percentage points off inflation, according to a statement from the finance ministry.
    • Ramirez de la O to join his counterparts from other Latin American countries speaking on IDB panel at 3pm local time.
  • Industrial & Manufacturing Production data due at 1200BST/0700ET:
    • Aug. Industrial Production SA MoM, est. -0.1%, prior 0.4%
    • Aug. Industrial Production NSA YoY, est. 2.9%, prior 2.6%
    • Aug. Manuf. Production NSA YoY, est. 5.6%, prior 5.1%

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