f
  •  
Mexico inflation slows to 3-year low, fuels rate cut forecasts Mexico inflation slows to 3-year low, fuels rate cut forecasts

MEXICO CITY (Reuters) - Mexican consumer prices cooled for a fifth straight month in September, data published by the INEGI national statistics agency on Wednesday showed, falling in line with expectations and fueling expectations for more interest rate cuts.

Consumer prices rose 3.00% in the year through September and rose 0.26% in September, according to non-seasonally adjusted figures.

That brings the headline annual rate to its lowest monthly figure since September 2016 and exactly in line with the central bank's target rate of 3% with a 1 percentage-point tolerance threshold above and below that.

Analysts polled by Reuters had expected inflation to slow to 3.00% in September from 3.16% in the previous month.

"We expect that policymakers will continue the easing cycle that they began in August," said John Ashbourne, senior emerging markets economist at London-based Capital Economics.

Late last month, the Bank of Mexico cut its main lending rate by 25 basis points for the second meeting in succession, taking it to 7.75%, as the five-member board sought to ease borrowing costs for businesses in the country's misfiring economy.

"Indeed, given the surprisingly dovish tone of the most recent policy board meeting, we think that the key rate will be cut by 25 basis points in both November and in December, taking it to 7.25% by the end of the year," Ashbourne added in a note to clients.

The core index, which strips out some volatile food and energy prices, rose 0.30% during September .


Other relevant articles 
[2019-10-09 15:00:11] Brazil inflation falls to 2.89%, lowest since May last year
[2019-10-09 05:50:09] Central Banks Are Nearing �Reversal Rates’ as Global Growth Slows
[2019-10-08 16:55:04] Mexico vows labor rights, higher wages to urge U.S. Democrats to back trade deal
[2019-10-07 17:55:23] GM laying off another 415 workers in Mexico as U.S. strike...
[2019-10-07 15:20:28] Mexico gross fixed investment suffers biggest annual drop since 2009
[2019-10-05 17:05:15] National Geographic journalist injured in shootout in Mexico: local authorities
[2019-10-04 21:15:12] Gold Steadies as Powell’s Inflation Quest Offsets Encouraging...
[2019-10-04 21:05:12] Gold Steadies as Powell’s Inflation Quest Offsets Encouraging...
[2019-10-04 20:35:12] NewsBreak: Fed Looking at Measures to Boost Inflation, Powell...
[2019-10-04 07:15:12] Taiwan September exports seen rising for second month, inflation quickens:...
[2019-10-04 05:45:14] Australia central bank grapples with forecasting impact of retail...
[2019-10-04 03:50:16] Philippines September inflation slowest in more than three years
[2019-10-03 16:25:08] Slowing Turkish inflation gives room for more rate cuts
[2019-10-03 10:25:07] ECB must battle low inflation expectations, Rehn says
[2019-10-03 00:40:12] Argentine economists forecast deeper recession, hold inflation steady
[2019-10-02 14:50:08] U.S. private payrolls growth slows in September: ADP
[2019-10-02 04:00:13] Japan corporate inflation expectations stagnate, keep BOJ under...
[2019-10-01 21:05:04] GM lays off 6,000 workers in Mexico due to parts shortage
[2019-10-01 11:10:03] Euro zone inflation slows year on year in September on cheaper energy
[2019-10-01 10:30:04] Fed should stand pat on rates, let inflation rise - Evans
[2019-10-01 10:15:09] Philippines annual inflation seen sliding further in September: Reuters poll
[2019-10-01 02:50:26] Dollar gains before manufacturing data, euro crumbles on German...
[2019-10-01 02:05:30] South Korea September inflation sets first negative rate,...
[2019-10-01 00:30:27] Banks win dismissal of U.S. lawsuit alleging rigged Mexico bond...
[2019-09-30 15:25:26] Russia seen cutting rate further in 2019 as inflation slows: Reuters poll
[2019-09-30 14:35:28] German Inflation Unexpectedly Slows After ECB Stimulus Drive
[2019-09-30 13:55:22] European Jobs Offer Some Joy Amid Manufacturing, Inflation Gloom
[2019-09-30 05:05:22] Silver:Gold Ratio Guides As Inflation Signals Fade – Again
[2019-09-30 03:25:22] China September services sector growth slows slightly: official PMI
[2019-09-28 20:55:15] Mexico busts human smuggling ring operating in Cancun, Mexico...
[2019-09-27 15:45:12] U.S. consumer spending slows; business investment weak
[2019-09-27 15:05:11] U.S. consumer spending slows in August; incomes rise
[2019-09-27 09:25:17] Thai September headline inflation rate seen easing to 0.44%:...
[2019-09-27 03:15:10] In Mexico, 85 fintechs are seeking permission to operate
[2019-09-27 00:05:24] Fed Studying a Possible Shift in Inflation Strategy, Clarida Says
[2019-09-26 21:10:08] Mexico central bank cuts rate, sees slight economic recovery
[2019-09-26 20:50:08] Mexico Cuts Key Rate a Quarter Point as Banxico Divisions Remain
[2019-09-26 20:45:09] Mexico economy minister says rate cuts critical for reactivating...
[2019-09-25 23:15:11] South Korea inflation expectations fall, raise chance of rate cut
[2019-09-24 00:20:26] U.S., Canada and Mexico business leaders say tariffs erode...
[2019-09-23 16:10:28] Given uncertainty, Knot says ECB inflation policy should be...
[2019-09-23 06:45:22] Draghi’s Highway to Inflation Goal Risks Ending in Taper Tantrum
[2019-09-20 05:10:11] Japan Inflation Hits 2-Year Low as BOJ Calls for Price Review
[2019-09-19 02:00:18] U.S. lawmakers cite progress on U.S.-Mexico-Canada trade deal,...
[2019-09-18 16:05:07] Canadian inflation falls to 1.9% in August on lower gas prices
[2019-09-18 10:50:07] UK inflation falls to lowest since 2016 in pre-Brexit boost to consumers
[2019-09-18 07:40:07] As China’s Economy Slows, Why the World Should Care
[2019-09-17 06:10:04] U.S. solar market growth slows this year as projects pushed back
[2019-09-17 05:10:30] China’s Home-Price Growth Slows for Third Month as Curbs Bite
[2019-09-17 00:05:29] With New Mexico rally, Trump seeks to flip state won by Clinton...
[2019-09-16 12:45:23] Thailand sees small impact on inflation after Saudi attacks
[2019-09-16 10:40:25] Global services trade slows but stronger than goods: WTO
[2019-09-16 05:45:26] China’s Economy Slows as Industrial Output Weaker Than Expected
[2019-09-16 05:10:22] China’s Industrial Production Growth Slows to 17-Year Low in...
[2019-09-15 08:15:18] Mexico to probe officials over 2014 case of 43 missing students
[2019-09-13 07:20:12] Japan August exports seen in sharpest fall in three years, core...
[2019-09-12 23:00:17] Inflation in Argentina Spiked After Shock Primary Election
[2019-09-12 17:05:07] Forex - Euro Surges vs Dollar as Trade Truce Report Trumps ECB
[2019-09-12 15:45:08] U.S. core inflation firms in August; weekly jobless claims fall
[2019-09-11 16:15:28] Mexico sees diminished threat of U.S. tariffs after migration progress
[2019-05-22 20:11:39] Fed Continues to Back Pause on Rate Hikes Amid Muted Inflation: Fed Minutes
[2019-05-22 20:11:39] Fed Continues to Back Pause on Rate Hikes Amid Muted Inflation: Fed Minutes
[2019-05-22 12:20:15] UK inflation rises less than Bank of England expected in April
[2019-05-22 10:40:26] UK inflation rises less than Bank of England expected in April
[2019-05-22 07:15:14] In Fed policy review, labor may finally win out over inflation
[2019-05-22 07:15:14] Fed may cut rates if inflation keeps disappointing: Bullard
[2019-05-21 20:50:18] Smooth confirmation seen for Trump nominee to be ambassador to...
[2019-05-21 20:05:23] Fed officials see past inflation misses as trouble for any new...
[2019-05-21 18:50:09] Evans: Past inflation miss could be trouble for any new framework
[2019-05-20 20:00:38] Mexico unveils plans to withhold taxes from Uber and other...
[2019-05-20 18:40:30] Mexico inflation seen rising to 4.48% in first half of May:...
[2019-05-17 18:55:19] U.S. reaches deal with Canada, Mexico to lift steel, aluminum...
[2019-05-17 17:30:23] U.S. poised to lift steel, aluminum tariffs from Canada, Mexico:...
[2019-05-17 11:30:24] Euro zone April inflation confirmed at 1.7%, core rate revised up
[2019-05-16 22:15:20] With inflation elusive, two Fed policymakers lay out a welcome...
[2019-05-16 18:20:29] Fed needs to let inflation rise above 2%, Kashkari says
[2019-05-16 14:20:25] Vietnam eyes U.S. avocado market after Trump spat with Mexico
[2019-05-16 13:50:22] Walmart says higher tariffs on China goods will increase prices...
[2019-05-15 18:10:19] U.S. close to resolving tariffs row with Canada, Mexico: Mnuchin
[2019-05-15 15:55:22] Argentina inflation data could be make or break for Macri
[2019-05-14 22:25:23] Mexico finalizing new duties against United States, should be...
[2019-05-14 03:20:31] Latest Mexico decisions on Pemex neutral for credit rating: S&P
[2019-05-14 00:00:36] Chile investigating possible manipulation of inflation figures
[2019-05-13 20:50:29] Argentina inflation seen rising 4% in April: Reuters poll
[2019-05-13 17:15:29] U.S. consumer views on inflation dip, as trade outlook clouds...
[2019-05-13 15:45:23] India April inflation hits six-month high; keeps rate cut hopes alive
[2019-05-13 15:15:30] India April inflation hits six-month high; keeps rate cut hopes...
[2019-05-12 08:50:24] From Pork to Pampers: Where Inflation Is Showing Signs of Life
[2019-05-12 01:10:25] Mexico president says state will cover internet gaps, others...
[2019-05-11 21:10:21] Mexico arrests owner of school devastated by 2017 earthquake
[2019-05-11 13:20:21] Shanahan heads to Texas as Pentagon eyes longer-term support on...
[2019-05-10 21:55:22] Forex - Dollar Flat as U.S. Inflation Remains Sluggish
[2019-05-10 15:20:20] Brazil annual inflation rises to 4.9% in April, highest in over...
[2019-05-10 14:45:18] U.S. consumer prices rise; underlying inflation tame
[2019-05-10 14:35:19] U.S. Retail Inflation Inches Up in April
[2019-05-10 06:45:16] India inflation likely crept up to six-month high in April: Reuters poll
[2019-05-09 21:45:19] Corporate currency hedging slows as FX volatility slumps
[2019-05-09 19:05:20] Former CIA officer Valerie Plame running for Congress in New...
[2019-05-09 09:55:12] More China policy easing seen as lending slows, trade risks rise
[2019-05-09 07:40:11] China’s Inflation Hits Six-Month High in April as Pork Prices Jump