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Mexico & Nafta - October 2019

Falling inflation raises spectre of further interest rate cuts

Mexico’s central bank (Banxico) started easing monetary policy in mid-August after five years of keeping interest rates on hold. The move was unsurprising given flagging domestic GDP growth and monetary easing from the US Federal Reserve. With the latest inflation results subsequently showing that inflation edged down further in August, more rate cuts are likely.

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