business / market
Por sesgo · 2 takes across the edition
El Financiero · Mexico · Mexico's May inflation eases to 3.94%, back inside Banxico's target band
Reports the Q1 contraction as smaller than feared, pairing weak growth with easing inflation to read the macro picture as soft-landing rather than stagflation for market audiences.
“Mexico's economy surprises: GDP contracts 0.6%, less than expected, in the first quarter.”
El Financiero · Mexico · Banxico cuts to 6.50% and declares its easing cycle over, split 3-2
Reports the cut and the board's signal that the cycle is over, framing it for markets around the rate level and the implications for the peso and credit rather than the dissent.
“Banxico cut its rate to 6.50% and signalled the end of the easing cycle on 7 May.”