LatAm Daily | Mexico’s inflation in January in line with expectations, at 2.6%

Summary

We expect inflation to remain below 3.0% throughout the year, with a limited pass-through given the economic slack; although unexpected depreciation implies risks to the upside for our 2.9% year-end forecast. Today we will see the economic and traders’ survey in Chile, where long term inflation expectations should remain anchored and a pause in MPR is expected.

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