Macro Analysis /

Mexico: Banxico Minutes – Debating whether to accelerate the hiking pace

  • Banxico its latest minutes, showing a hawkish stance as some considered faster hikes and inflation concerns continued

  • On inflation, focus remained on the transitory nature of the shocks, with more doubts about it recently

  • We reiterate our call of a 25bps hike in Dec and accumulated increases of 125bps in 2022, with the rate reaching 6.50%

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
25 November 2021
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