Mexico Inflation Accelerates Ahead of Rate Decision

Mexico's annual inflation rate has accelerated more than anticipated in early March, intensifying the focus on the central bank's upcoming interest rate decision. The unexpected rise in inflation adds pressure on policymakers as they convene for their meeting. This development occurs amidst the ongoing geopolitical tensions from the war in the Middle East, which is now in its fourth week and contributing to global economic uncertainty. The central bank faces a delicate balancing act in managing price stability.