Macro Analysis /

Mexico: 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
Gabriel Casillas Olvera

Managing DirectorInvestor Relations Officer and Chief Economist

Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Alejandro Padilla Santana
13 May 2021
Published byBanorte


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