Although expected inflation was meant to be between 1-3%, the YoY inflation rate for mid-month has risen to 6.12% in October from 5.87% in September. It’s definitely not going down any time soon. This is its highest level since 2017. How much will the central bank need to raise rates before inflation begins to level off?
Take a look at the following link to learn more about what our analyst Joe Perry said about what this means for our underdog USD/MXN.