The further rise in Mexican inflation in the first half of this month, to 2.8% y/y from 2.7% y/y over July as a whole, means that the headline rate is on course to breach the central bank’s 3% target by year-end. Against this backdrop, we remain comfortable with our forecast for one more 50bp interest rate hike this year, probably at December’s meeting.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services