Mexico May Inflation Slows to 3.94%, Below Forecasts
Mexico's headline inflation fell to 3.94% year-over-year in May, below the expected 4.03% and down from 4.45% in April, suggesting the central bank could maintain a softer monetary stance.
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Mexico's headline inflation rate for May came in at 3.94% on a 12-month basis, lower than the market consensus of 4.03% and down from April's 4.45%.
The softer-than-expected reading suggests the Bank of Mexico may have room to maintain a dovish stance, keeping the peso under pressure. The MXN is expected to retain its soft tone as the data reinforces expectations of policy easing.
Source: FXStreet Forex News