UK-Brazil Conversa 2024 Summary
The UK-Brazil Conversa 2024 took place in São Paulo, Brazil. Read Canning House's full summary of all discussions at the conference.
- Canning House
Mexico’s inflation on the rise: something to worry about?
Mexico’s annual inflation rate rose to 6.17% in May, the highest in over eight years. On 18 May, before the inflation data was released, the Banco de Mexico (Banxico, central bank) had again tightened interest rates, raising the benchmark rate by 25bps to 6.75%. Analysts are divided as to whether this is part of a worrying vicious circle or whether it is no more than a passing spike in an economy that is otherwise showing signs of resilience.