Macro Analysis /
GlobalMexico: Banxico QR – Few changes on estimates and still with a hawkish stance
The document does not show a meaningful change in the central bank’s tone, maintaining a hawkish bias
We highlight the downward revision in 2023’s GDP, from 2.4% to 1.6%. Meanwhile 2022’s GDP forecast did not change
In this context, we maintain our call of a 75bps hike on September 29th, with the reference rate at 10.00% by year-end
Alejandro Padilla Santana
Executive Director of Economic Research and Financial Markets Strategy @ Banorte
Contributors
1 September 2022
Published byBanorte
