Bloomberg — Inflation in Mexico accelerated more than expected in Aprilkeeping within the target range of the Central bank, which probably maintains on the table a half -point cut in interest rates next week.
See more: Deceleration in Mexico will press bank credit in the second semester: Regina García Cuéllar
Annual inflation stood at 3.93%above the estimated median of 3.9% by the economists surveyed by Bloomberg YFRENT to 3.8% in March. The underlying inflation, which excludes volatile items such as food and fuel, increased to 3.93% from 3.64% of the previous month.
Bank of Mexico (Banxico) has as its goal the inflation of 3%, with a variation of more or less a percentage point.
The Central Bank has been cutting interest rates and its next decision is scheduled for May 15, and analysts, according to a CITI survey published on Tuesdaythey expect another ancestry cutting cut.
Mexico avoided a technical recession in the first quarter of this year, with a growth of the gross domestic product of 0.2% in the first three months of 2025 compared to the fourth quarter of 2024, driven by a boom in the agricultural sector that compensated the weakness in the service and industrial sectors.
Donald Trump’s intermittent tariff policies have raised concern about whether investors will avoid Mexico this year.
Some companies are advancing with investments in all types of sectors, from sea routes to television programs, but others wonder How will Mexico exports to the United States next year.
In the CITI Research Unit Survey, P analystsThey ronostic that inflation in Mexico will close both 2025 and 2026 by 3.8%.
They also predicted a 0.1% GDP growth this year and 1.5% next.
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