MNI Latam Week Ahead: Mexico Bi-Weekly CPI, Economic Activity

Hidden PDF

Our Latam Week Ahead document highlights the major data releases and events scheduled across Latam next week. The document also includes the most pertinent macro developments over the past week.

• Mexico bi-weekly CPI inflation and economic activity data will be in focus next week, alongside latest economic activity figures in Colombia and Argentina. USTR Greer will also meet with President Sheinbaum and Mexico’s Economy Minister Ebrard on Monday for talks on the USMCA.
• Although CPI inflation is expected to remain well above Banxico’s 4% target range ceiling in H1 April, a moderation in core inflation and supportive developments in the Middle East could open the door to a final interest rate cut as soon as the May MPC meeting.
• Elsewhere, Colombia economic activity is expected to have picked up in February, amid robust domestic demand, keeping pressure on BanRep to hike further this month, should the April MPC meeting go ahead.