The general inflation in Mexico would have accelerated in the first half of February, however, the underlying index would have remained stable, a reuters survey showed on Friday, endorsing the prospects that the central bank would re -apply a strong cut to the rate Key of interest.
The median projections of 11 participants showed an interannual rate of 3.73% for the National Consumer Price Index (INPC), a rebound from 3.48% of the second half of January, when it touched its lowest level in four years .
For underlying inflation, considered a better parameter to measure the price trajectory because it eliminates high volatility products, estimates indicate that it would have been located at 3.61%, without changes compared to the previous fortnight.
At the beginning of February, the Central Bank deepened the magnitude of its cuts, by reducing the anchoring rate at a half point, after five 25 bp discount from its historical maximum of 11.25% last year, and said that forward They could consider similar adjustments.
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General inflation in Mexico would have rebounded in 1st half of February
The governor of the Victoria Rodríguez monetary authority told Reuters days after the decision that the fight against price increase had entered into a new phase -after shooting in 2022 at levels not seen in more than two decades -, which would allow the GOVERNMENT BOARD continue to cut the referential rate.
According to a survey by the Citi Financial Group released this week, a large majority of economists consulted awaits a new reduction of 50 bp at its next March 27 meeting.
Only in the first 15 days of February, prices would have risen 0.14% compared to the previous fortnight, while for the underlying index an increase of 0.24% is expected, according to the reuters survey.
The National Statistics Institute, INEGI, will disclose on Monday the behavior of the consumer price index during the first half of February.
With Reuters information.
