Macro Analysis /
Global

Mexico: Banxico Survey – Strong revisions for inflation in 2021 continue

  • 2021’s GDP was adjusted by +20bps to 6.0%, with 2022 also higher at 2.9%

  • Inflation for 2021 stands now at 6.0%, 40bps above the previous print and accumulating +240bps in the last 6 months

  • The reference rate for YE21 is expected at 5.00%, with the exchange rate for the same period at USD/MXN 20.38

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
2 August 2021
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