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Banxico’s Heath Says January Inflation Data Crucial

  • Mexico's Q1 inflation data, particularly January's inflation data, will be key for Banxico’s upcoming decisions, Deputy Governor Jonathan Heath said in an interview with Reforma published on Wednesday.
    • "In January 2023 we were surprised to see inflation on the rise, especially on the services side," Heath said. "We don't want to find ourselves with a similar surprise this time around. So, the first quarter, particularly January, will be key."
    • Heath added that headline inflation is not expected to continue declining, which would make it harder for overall inflation to keep doing down. (Reuters)

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