Macro Analysis /
Global

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

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