Mexico Annual Inflation Cools in Early April Alexandra Alper - Reuters
go to original April 23, 2015

Inflation in the 12 months through mid-April eased to 3.03 percent, data from the national statistics office showed on Thursday, below the 3.14 percent reached in the full month of March and the 3.29 percent seen in a Reuters poll.

Mexican central bank governor Agustin Carstens said on Wednesday that there is no current evidence of inflationary pressures in Mexico that would justify an interest rate hike.

The central bank has said it expects inflation to end the year below its target given slack domestic demand.

The peso last month sank to a historic low against the dollar, hammered by a slump in oil prices and fears that higher U.S. interest rates will push investors to drop emerging market assets.

Carstens said earlier this month that policymakers were divided over whether to raise benchmark interest rates , now at a record low of 3.0 percent, before the Fed move and said the central bank would be guided by data as lift-off approached.

Consumer prices fell 0.45 percent in the first half of April compared with expectations for a 0.20 percent drop.

Read the rest at The Fiscal Times

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