Macro Analysis /
Global

Mexico: A hawkish calibration of our calls for the Fed and Banxico

  • We modify our call for the Fed funds rate, now seeing 4 hikes of 25bps each in both 2022 and 2023

  • As a result, we also adjust our view for Banxico, forecasting a 50bps hike in February and four more 25bps rises

  • In addition, for 2023 we anticipate another 100bps of accumulated hikes by Banxico for a terminal rate of 8.00%

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
12 January 2022
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