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(Bloomberg) -- Mexico’s annual inflation slowed slightly more than expected in early January, keeping in play chances of a bigger interest rate cut at the central bank’s next policy meeting.

MEXICO CITY--Mexican consumer prices rose modestly in the first two weeks of the year, with declines in fresh food prices and some services partly offsetting higher energy and core goods costs.

Deutsche Bank on Tuesday forecasted the effects of 25% tariffs on Canada and Mexico on U.S. inflation. Read more here.