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Stubborn CPI Might Temper Discussions On Imminent Easing in February

MEXICO
  • While the headline rate comes in above expectations, the data is offset by a lower-than-expected core reading which should be a favourable dynamic for the Banxico board. Despite this, a stubbornly high CPI rate above the target might temper the discussions for imminent easing at the first meeting of the year. For reference, this will take place on Feb 08.

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