Macro Analysis /
Global

Mexico: Ahead of the Curve

  • We expect Banxico to hike the reference rate by 25bps to 4.50%, likely in a split decision and keeping a hawkish tone

  • Inflation up 0.57% m/m in July, with pressures in processed foods and LP gas. The annual figure would stand at 5.79%

  • Other relevant reports include June’s industrial production, July’s IMSS employment report and wage negotiations

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
6 August 2021
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