Weekly economic calendar and Earnings Results-For the week ending August 13,2021

  • Headline inflation rose 0.59% m/m in July, with the core at 0.48%. In the latter, processed foods remain pressured

  • Annual headline inflation fell to 5.81% from 5.88%. However, and more worrisome, the core climbed to 4.66% from 4.58%

  • Considering this, we maintain our call that Banxico will hike the reference rate by 25bps to 4.50% on Thursday

August 9th, 2021
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