Macro Analysis /
GlobalMexico: Ahead of the Curve
Attention on Banxico’s minutes, focusing on inflation and the possible triggers behind “more forceful measures”
We exp. 1H-May’s CPI at -0.01% 2w/2w, with the usually favorable seasonality being offset by broad pressures in the core
Other indicators to be released include retail sales (Mar), trade balance (Apr), as well as 1Q22 GDP and current account
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
20 May 2022
Published byBanorte
