Annual Inflation in Mexico Slows Ahead of Banxico Rate Decision

Recent data released in Mexico has shown that annual inflation has decreased, raising speculations about the future decision by the Bank of Mexico (Banxico) regarding interest rates. In August 2024, the inflation rate stood at 4.9%, significantly lower than the previous month and beneath the expectations of analysts. This development comes just ahead of the central bank's meeting scheduled for next week, and it could influence their decision on the key interest rate.

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