Mexico's headline consumer prices rose 3.12% year-on-year in July, a six-year low, yet Banxico held its policy rate at 6.50% and pushed its inflation target out to late 2027. Brazil's central bank cut its benchmark Selic rate to 14.00% despite inflation expectations at 5.0%.
INEGI’s mid-August INPC held headline inflation at 3.26%, still inside Banxico’s target band even as core stayed sticky near 3.9%. Source
