Mexico: March CPI likely to print 0.4% - TDS

Analysts at TDS expect Mexico's March CPI print to come in at 0.4% M/M, and continue its decline to 5.2%Y/Y.

Key Quotes

“This print will be crucial for the Banxico meeting this week, and a lower than expected inflation read will help to cement our view that Banxico will be on hold until the second half of the year, thanks in great part to recent MXN outperformance on the back of an improvement in NAFTA rhetoric.”