Macro Analysis /
GlobalMexico: Banxico – Concerns on inflation reaffirm possible rate hikes this year
In a unanimous decision, Banxico decided today to keep the reference rate unchanged at 4.00%, in line with expectations
In our view, the statement was more hawkish given increased cautiousness on inflation and a better outlook for growth
We modify our monetary policy view, now expecting two 25bps hikes, with the reference rate closing 2021 at 4.50%
Gabriel Casillas Olvera
Managing DirectorInvestor Relations Officer and Chief Economist @ Banorte
Contributors
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13 May 2021
Published byBanorte
