Macro Analysis /
Mexico

Mexico: Ahead of the Curve - Banxico to cut the reference rate again by 50bps, to 4.50%

    Juan Carlos Alderete Macal
    Juan Carlos Alderete Macal

    Director of Economic Research

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    Francisco Jose Flores Serrano
    Francisco Jose Flores Serrano

    Senior Economist, Mexico

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    Banorte
    7 August 2020
    Published byBanorte
    Monetary policy decision (August 13th). We expect the central bank to cut again the reference rate by 50bps to 4.50%, fifth consecutive of this magnitude. Industrial production (June). We anticipate a 17.4% y/y contraction, slightly above the -17.9% implied in the 2Q20 GDP report.