Free Trial

High Core CPI To Be More Persistent Than Expected: Banxico's Heath


In a series of tweets Banxico Deputy Governor Jonathan Heath talks about the persistence of core inflation:

  • “The immediate question is if we could think that core inflation peaked now in February and could already start to slow down. What I see is no.”
  • “The monthly rates of the underlying have accelerated in the last three months. Everything indicates that this trend will continue in March. For now, my projection is that it will exceed 6.7% in March.”
  • “Finally, we have to factor into the equation the inflationary impact of the war in Russia, although it is difficult to anticipate, but it will clearly be on the rise.”

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.