LatAm Daily | Economic Activity in Mexico contracted in February

Summary

Inflation in Mexico remained subdued at the beginning of April, leading us to revise downwards our forecast, to 2.8% at year-end. Inflation data are in line with the view that annual inflation will remain close to Banxico’s target throughout the year. It seems to confirm that core inflation will remain subdued despite peso depreciation, in a context of weak domestic demand

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