Macro Analysis /
Global

Mexico: Ahead of the Curve

  • Banxico’s minutes could signal further cuts are off the table, with renewed concerns on the inflation outlook

  • Inflation in 1H-May to remain pressured at 0.00% 2w/2w, with benign seasonality offset by other components

  • We expect 1Q21 final GDP to be revised up to 0.7% q/q. Other releases include the trade balance and employment reports

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
21 May 2021
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