MEXICO CITY (Reuters) – Mexico’s headline and core inflation charges will seemingly land under 4% in January, deputy central financial institution governor Jonathan Heath advised newspaper Excelsior in a narrative printed on Monday, including that the financial institution doesn’t have to exaggerate a restrictive posture.
The central banker’s forecast comes as some brace for upward stress on costs, because the incoming U.S. president, Donald Trump, has threatened blanket tariffs on its southern neighbor’s exports to america along with mass deportations.
Each have the potential to stoke inflation.
Heath, one in every of 4 members of the central financial institution’s policy-setting board, additionally advised the newspaper that his intention is to decrease the Latin American economic system’s inflation fee to the financial institution’s 3% goal
In December, Mexico’s headline inflation fee eased to 4.21%, in response to official information, which additionally noticed the core fee tick as much as 3.65%.
On the time, Heath hailed the evolution of costs as “excellent news,” as inflation slowed to its lowest fee since October 2023.
(Reporting by Ana Isabel Martinez; Enhancing by Stefanie Eschenbacher)
