Macro Analysis /
GlobalMexico: Ahead of Curve
We expect Banxico to hold the reference rate at 4.00%, with a unanimous decision amid a complex backdrop for inflation
Attention on IP for March, expecting a 0.9% y/y expansion (+0.5% m/m), with rebounds in utilities and manufacturing
Other relevant reports include GFI and private consumption for February, also showing a better performance
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
7 May 2021
Published byBanorte
