Macro Analysis /

Banxico - Maintains a 25bps hiking pace and a hawkish tone

  • In a majority decision, Banxico decided today to hike the reference rate by 25bps to 5.00%, in line with our call

  • In our view, the statement maintains a hawkish bias. We adjust our expected path for the reference rate

  • We reiterate our call of a 25bps hike in December. For 2022, we expect 125bps of accumulated increases, to 6.50%

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
11 November 2021
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