Macro Analysis /
Global

Mexico: Banxico QR - No surprises, with lower growth but high inflation

  • Banxico published today its 3Q21 Quarterly Report, followed by a press conference from Governor Alejandro Díaz de León

  • Forecasts for growth were mixed, with inflation unchanged as they were updated less than a month ago

  • We maintain our call of a 25bps hike in December, albeit with high probability of accelerating to +50bps

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
2 December 2021
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