Mexico's inflation eases further in September, still above bank target
© Reuters. FILE PHOTO: Employees work at a stall in an outdoor market dedicated to the sale of fruits and vegetables, in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez -Mexico's annual inflation eased in September for the eighth consecutive month and stood at 4.45%, still above the central bank's target, data on Monday showed, supporting forecasts the bank will keep its key interest rate at its current level.
The Bank of Mexico at the end of September, voted to keep the reference interest rate at a historic high of 11.25% for the fourth time in a row, citing a complicated and uncertain inflationary outlook. Consumer prices rose 0.44% in September from August, according to non-seasonally adjusted figures, above the expected 0.45%.
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