Wells Fargo: Mexico Disinflation Keeps Banxico on Hold

Wells Fargo Economics forecasts that Mexico's June consumer price index will reflect a continued gradual disinflation trend. Headline and core inflation are expected to ease further, though services prices remain a persistent concern.

The outlook suggests that Banxico will maintain its current monetary policy stance, keeping rates unchanged for now. The bank's next decision will likely depend on how quickly services inflation moderates.