US EditionMixed Inflation Behaviour Involves Monetary Challenges for Banxico: Valmex
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During the first half of June general inflation moderated, suggesting an improvement over the May rebound. However, the underlying component of services showed an acceleration, which creates monetary challenges for Banco de México (Banxico). “This mixed behavior involves challenges for the conduct of monetary policy; and while moderation in general inflation could support further relaxation of posture, persistence in the underlying component for…
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