Macro Analysis /

Mexico: Ahead of the Curve

  • We expect a 75bps hike by Banxico to 7.75%, supported by the Fed’s last decision and local inflation levels

  • We estimate 1H-June CPI at 0.41% m/m, with generalized pressures. As such, the annual print would climb to 7.80%

  • Other relevant releases include April’s GDP Proxy (IGAE) and retail sales, as well as 1Q22’s aggregate supply and demand

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

17 June 2022
Published byBanorte


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