Mexico Inflation and Economic Growth Slow to Keep Cut in Play

From bnnbloomberg.ca

Mexico’s inflation decelerated in early November while the economy continues to lose momentum, giving the central bank room to cut interest rates for a fourth straight meeting next month. Official data published Friday showed consumer prices rose 4.56% in the first two weeks of November from the same period a year earlier, below the 4.65% median estimate of analysts surveyed by Bloomberg. The print was under the 4.83% reading in the previous two-week period. In separate economic reports Friday, the statistics agency revised year-on-year third-quarter output to 1.6%, up from the 1.5% print in the third-quarter flash ... (full story)