{"id":31464,"date":"2026-03-24T15:58:47","date_gmt":"2026-03-24T15:58:47","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/31464\/"},"modified":"2026-03-24T15:58:47","modified_gmt":"2026-03-24T15:58:47","slug":"in-march-mexicos-first-half-month-core-inflation-matched-expectations-rising-0-22","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/31464\/","title":{"rendered":"In March, Mexico\u2019s first-half-month core inflation matched expectations, rising 0.22%"},"content":{"rendered":"Mexico\u2019s core inflation for the first half of March was 0.22%. This matched forecasts.\n\nThe data covers the first half-month period in March. It reports the change in core prices over that timeframe.\n\n<h3>Core Inflation In Line With Expectations<\/h3>\nThe core inflation number coming in exactly as expected at 0.22% signals a period of predictability. This data supports the central bank&#8217;s recent decision to cautiously lower its policy rate, suggesting they are not behind the curve. For us, this removes a major source of potential volatility for the next few weeks.\n\nGiven this stability, selling options on the Mexican Peso looks attractive, as implied volatility is likely to decline. With Mexico&#8217;s policy rate at 9.75% and the US Fed Funds rate holding around 4.50%, the significant yield differential will continue to support the peso carry trade. We expect the USD\/MXN exchange rate to remain range-bound, likely finding it difficult to break above the 17.50 level on this news.\n\nIn the interest rate swap market, this on-target inflation print locks in the current view of a slow and steady cutting cycle from Banxico. The TIIE curve is already pricing this in, so we don&#8217;t anticipate major moves in front-end swaps. The play is now about positioning for data releases further down the line that could influence the pace of cuts in the third and fourth quarters.\n\nThis environment is a sharp contrast to what we saw in 2025. We remember when a surprise inflation spike during the summer of 2025 forced the central bank to abruptly halt its easing cycle, causing significant market whiplash. The current on-forecast data suggests a much smoother ride for policy, at least for now.\n\n<h3>Looking Ahead<\/h3>\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\r\n\r\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Mexico\u2019s core inflation rose 0.22% in early March, matching forecasts for the first half-month period.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-31464","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/31464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=31464"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/31464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=31464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=31464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=31464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}