Macro Analysis /
GlobalMexico: 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
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
17 June 2022
Published byBanorte
