Banxico Will Drop Rate by 50 Points Before a Pause Despite the Surge of Inflation

The Bank of Mexico ( Banxico ) has room to continue with the cuts to the interest rate despite the rebound that inflation has presented . "We believe that inflationary pressures will continue to yield, although more slowly than in the past," highlighted Banamex's area of economic studies. In April, inflation rose to 3.93% from 3.80% in March. "Taking into account that inflation in the last 20 years has averaged 4.3%, the market considers Banxico…