Mexico’s headline inflation slowed more than expected in early September, likely giving Banco de Mexico room to cut borrowing costs for a second straight month at Thursday’s interest rate meeting.

Mexico’s annual inflation slowed roughly in line with expectations in August as a spike in food and energy prices faded, giving the central bank more room to consider another interest rate cut this month.

Mexico's annual inflation slowed more than expected in the first half of September, official data showed on Tuesday, paving the way for the country's central bank to deliver another interest rate cut at a meeting later this week.

Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting.