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The rand of South Africa is weakening versus the dollar, but equities are rising.

Mexico central bank says Ukraine crisis could spur new inflation

WikiFX

| 2022-03-03

Abstract：The central bank forecast average inflation would hit 4.0% by the fourth quarter of 2022

Mexico's central bank on Wednesday said pandemic shocks on inflation have been deeper and longer lasting than expected, and the bank could not rule out new inflationary pressures caused by Russia's invasion of Ukraine.

The central bank forecast average inflation would hit 4.0% by the fourth quarter of 2022, while GDP would grow between 1.6% and 3.2% this year.

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GDP Inflation