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Abstract:The central bank forecast average inflation would hit 4.0% by the fourth quarter of 2022
Mexico's central bank on Wednesday said pandemic shocks on inflation have been deeper and longer lasting than expected, and the bank could not rule out new inflationary pressures caused by Russia's invasion of Ukraine.
The central bank forecast average inflation would hit 4.0% by the fourth quarter of 2022, while GDP would grow between 1.6% and 3.2% this year.
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October inflation rises to 2.3%, driven by energy costs. Renters face 8% annual hikes, while house price inflation climbs. Interest rates stay elevated.
In this article, we’ll explore how inflation affects forex prices globally, the relationship between inflation and currency value, and why traders monitor inflation closely.
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