Mexico's inflation rate in early November showed signs of easing, as consumer prices rose 4.56% year-over-year during the first two weeks of the month. This figure was below the median estimate of 4.65% from analysts surveyed by Bloomberg and represented a decrease from the 4.83% recorded in the previous two-week period.
With inflation slowing and economic growth faltering, the central bank is considering a fourth consecutive interest rate cut in its upcoming meeting. The latest data reflects ongoing challenges in the Mexican economy, giving the central bank the flexibility to adjust monetary policy in response to these conditions.
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