Macro Analysis /

Mexico: Banxico Minutes – A fast and furious hiking cycle

  • The minutes showed an even more hawkish tone, with greater concerns on the inflation outlook given new shocks and risks

  • The debate centered on the pace and length of the hiking cycle, where we now see even more front-loaded moves

  • As such, we now expect a 75bps hike on June 23rd (previous: +50bps), and a YE22 rate at 9.50% (previous: 9.00%)

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
26 May 2022
Published byBanorte


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.