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Banxico Statement Headlines

MEXICO

Banxico:

  • Inflation, econ activity, markets pose major challenges
  • Mexico needs orderly adjustment for change in relative prices
  • Mexico economic activity has downside risks
  • Banxico sees extensive slack in Mexico's economy
  • CPI trajectory similar to Banxico's previous forecasts
  • Core inflation set to hit 3% in Q3
  • Balance of risks for CPI trajectory uncertain
  • Mexico headline CPI to accelerate in Q2 (all bbg)

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