Mexico swung to a bigger-than-expected trade surplus in April powered by record exports, as U.S. demand helped to fuel a recovery in Latin America's second largest economy, official data showed on Tuesday.
UPDATE 1-Mexico inflation well above central bank target in early May Reuters 2 hrs ago
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MEXICO CITY, May 24 (Reuters) - Mexican inflation stayed well above the Bank of Mexico s target range during the first half of May, national statistics agency INEGI said on Monday, boosting the view the bank has concluded its easing cycle and is moving towards a rate hike.
Annual headline inflation stood at 5.80% in the year through the first half of May, while consumer prices fell 0.01% in the first 15 days of May compared to the previous two-week period.
Analysts polled by Reuters had expected annual inflation to ease to 5.66% in the first half of May from 6.12% in the second half of April. They forecast prices would decrease by 0.15% in the first 15 days of May.
UPDATE 2-Mexico central bank keeps rates on hold, sees higher inflation reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Mexico carried out its second international bond transaction of the new year, the finance ministry said on Friday, issuing two bonds worth a total of 1.8 billion euros and using those funds to repurchase euro-denominated debt maturing in April 2023.