Mexico’s mid-month inflation reading of 4.3% y/y in November provides signs that the disinflation process is running out of steam. And while Banxico opened the door to the start of a monetary easing cycle at its last meeting, policymakers will need to see signs of renewed falls in services inflation (probably in Q1 of next year) before starting a monetary easing cycle.
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