Mexico's Inflation Slows More Than Expected in Early Nov.

Mexico's cooling inflation and economy growth drive expectations of further rate cuts
Mexico's statistics agency INEGI released data on Friday showing that inflation slowed more than expected, while growth exceeded forecasts, opening the door for the country's central bank to cut interest rates further next month.
Mexico Inflation and Economic Growth Slow to Keep Cut in Play
Mexico’s inflation decelerated in early November while the economy continues to lose momentum, giving the central bank room to cut interest rates for a fourth straight meeting next month.
Mexico's Inflation Slows More Than Expected in Early November
Core CPI, which excludes energy and fresh food prices, edged up 0.04% in the first half of November and was up 3.58% from a year earlier, compared with 3.74% in the second half of October. Annual inflation was expected to be 4.66% and annual core inflation 3.70%, according to a Wall Street Journal survey of analysts.
Bank of Mexico flags more rate cuts due to progress on lowering inflation
The Bank of Mexico will likely be able to continue cutting its benchmark interest rate due to the progress made on bringing inflation down, bank governor Victoria Rodriguez told Reuters in an interview.
Bank of Mexico announces its fourth key interest rate cut of 2024
The Bank of Mexico's benchmark interest rate will thus lower to 10.25% once the central bank's reduction takes effect on Friday.
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