Fundamental: Bank of Mexico says inflation taking longer than expected to descend

The Bank of Mexico said on Wednesday that inflation is taking longer than initially anticipated to return to its target, in large part due to the persistence of core inflation. Banxico, as Mexico's central bank is known, forecast that annual headline inflation would hit 4.9% in the fourth quarter 2023, up from a prior projection of 4.1%. The upward revision ...     Alert Mar 2, 2023, 4:20am Fundamental: Bank of Mexico says inflation taking longer than expected to descend The Bank of Mexico said on Wednesday that inflation is taking longer than initially anticipated to return to its target, in large part due to the persistence of core inflation. Banxico, as Mexico's central bank is known, forecast that annual headline inflation would hit 4.9% in the fourth quarter 2023, up from a prior projection of 4.1%. The upward revision ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support