Financial system14 hours within the past (Mar 04, 2022 04: 50PM ET)
© Reuters. Prospects roam previous a fruit stall at a road market, in Mexico Metropolis, Mexico December 17, 2021. REUTERS/Luis Cortes
MEXICO CITY (Reuters) – Mexico’s twelve months-on-twelve months inflation seemingly accelerated in February after cooling a diminutive bit over the outdated two months, a Reuters ballotconfirmed Friday, reinforcing expectations that the central bank will continue to raise its key hobby rate.
The consensus forecast of 11 analysts surveyed was once for inflation to grow to 7.23% from 7.07% in January. If the prediction is correct, it may presumably well perhaps be the first amplify since November, when inflation hit a 20-twelve months excessive.
The core rate of inflation, which strips out some volatile food and energy items, was once viewed accelerating to 6.58%, which may presumably well perhaps be the most effective rate since June 2001.
The Bank of Mexico targets inflation of three%, with a one percentage point tolerance differ above and under that. In February the bank raised its benchmark hobby rate by 50 foundation aspects, a sixth consecutive upward thrust, citing inflation.
The central bank’s subsequent monetary protection decision is scheduled for March 24, a week after the US’ Federal Reserve is anticipated to hike percentages after years of come-zero charges.
Correct in February, Mexican user costs are estimated to be pleased increased by 0.78% with the core designate index viewed advancing 0.74%.
Mexico’s nationwide statistics agency will publish essentially the most recent inflation knowledge on Wednesday.
Connected Articles
Disclaimer: Fusion Media would luxuriate in to remind you that the knowledge contained on this online page online is now not any longer essentially staunch-time nor right. All CFDs (stocks, indexes, futures) and Forex costs are no longer offered by exchanges but somewhat by market makers, and so costs couldn’t be right and may presumably well perhaps differ from the mumble market designate, that plot costs are indicative and no longer acceptable for trading capabilities. This capacity that truth Fusion Media doesn`t endure any accountability for any trading losses you may presumably well incur attributable to the say of this knowledge.
Fusion Media or any individual appealing with Fusion Media will no longer accept any liability for loss or atomize attributable to reliance on the knowledge alongside with knowledge, quotes, charts and steal/promote indicators contained within this online page online. Please be completely told regarding the dangers and charges associated with trading the monetary markets, it’s far one of many riskiest funding sorts that you just may presumably well perhaps be take into consideration.
