Macro Analysis /
Global

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

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