Macro Analysis /

Mexico: Ahead of the Curve

  • We expect Banxico to hike the rate by 50bps to 6.50%, keeping a hawkish tone amid a more complex inflation outlook

  • Inflation in 1H-March CPI to be impacted by higher energy prices, with the headline print at 0.59% 2w/2w (7.40% a/a)

  • Other indicators to be released include aggregate supply and demand for 4Q21 and January’s retail sales and GDP-proxy

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

18 March 2022
Published byBanorte


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