Mexico's headline inflation slowed in the first half of July, falling back within the central bank's target range and fueling expectations that the bank will continue to cut interest rates in Latin America's second-largest economy.

Mexico’s annual inflation slowed more than expected in early July, supporting the central bank’s decision to leave the door open to further easing after last month’s interest rate cut.

Mexico's headline inflation slowed in the first half of July, falling back within the central bank's target range and fueling expectations that the bank should continue to bring down interest rates in Latin America's second-largest economy.