Macro Analysis /
Global

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

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