Macro Analysis /

Banxico –We now see a faster hiking pace in the next two meetings

  • We adjust our call for Banxico’s reference rate, with the central bank front-loading hikes after recent developments

  • Specifically, we now expect a 50bps hike on December 16th (previous: +25bps), taking the rate to 5.50% by year-end

  • For 2022, we still estimate 125bps of accumulated rate increases, with one 50bps hike in February and 3 more 25bps clips

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Katia Goya Ostos
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
3 December 2021
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