Dow Jones news said yesterday that the Bank of Mexico is expected to make
further interest rate cuts at its monetary policy meeting next week,despite
slightly higher than expected inflation in March.
The agency quoted a
note from BNP Paribas economist Rafael de la Fuente,which said,"While the
numbers were slightly higher than expected,they do not change the larger
picture that the bigger surprises are coming on the economic activity front,and
that a widening output gap should ultimately bring inflation lower."
Tuesday,Mexico's central bank said there was a rise of 0.58% in the consumer
price index in March,a little higher than market expectations of 0.51%.