Data on Monday showed annual headline inflation in Mexico stood at 5.80% in the year through the first half of May, well above the central bank’s target of 3%, strengthening the case to end an easing cycle. It had dipped on Friday after Mexican President Andres Manuel Lopez Obrador said current central bank chief Alejandro Diaz de Leon’s term will not be renewed when it ends in December. Lopez Obrador said will nominate an economist with a “social dimension”.
