Mexico inflation likely ticked down in first half of October: Reuters poll

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Mexico inflation likely ticked down in first half of October: Reuters poll
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Prelude to the Best Sommelier of Canada Contest | SaltWireMEXICO CITY - Mexico's inflation likely eased in the first half of October, but still stuck above the central bank's target, a Reuters poll showed on Monday, supporting bets the bank will maintain the benchmark lending rate at current levels for a prolonged time.

Annual core inflation, which strips out some especially volatile energy and food prices, was seen at 5.49% during the same period, its lowest level since October 2021. The bank's board members also pushed off the deadline for inflation to converge to its target to the second quarter of 2025, after previously setting it at the fourth quarter of 2024.

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