Banxico
Mexico's annual inflation rises to 4.63% in early March
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Mexico's National Institute of Statistics and Geography (Inegi) reported annual inflation at 4.63% for the first half of March 2026, exceeding analysts' estimates. The National Consumer Price Index (INPC) rose 0.62% from the previous half-month period.
The Mexican peso ended the session up 0.15% against the dollar at 17.76 pesos per unit, per Banco de México data. Traders assessed the feasibility of a ceasefire in Iran ahead of Banxico's monetary policy decision on Thursday. Analysts forecast the currency to hold in a 17.65-17.85 pesos per dollar range.
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Senator Gerardo Fernández Noroña transferred 64,000 pesos to an association aiding Cuba, responding to a call from former President Andrés Manuel López Obrador. Yet, Mexico's central bank platform lists the payment as 'returned'. Noroña posted the receipt on social media with the message 'My solidarity with Cuba'.