June 21, 2022 19:22 GMT
Analysts Raise 2022 Year-End Rate Estimate to 9.50%
MEXICO
Citi publishes results of biweekly analysts’ survey in email:
- Next rate move to be a 75 bps hike in June
- 2022 yr-end inflation raised to 7.00% from 6.96%
- 2023 yr-end inflation raised to 4.35% from 4.33%
- 2022 GDP held at 1.80%
- 2023 GDP cut to 1.90% from 2.00%
- Raise 2022 Rate Est. to 9.50% Vs. 9.00%
- 2023 yr-end rate raised to 9.25% from 8.88%
- 2022 yr-end exchange rate lowered to 20.95 from 21.00 MXN/USD (BBG)
67 words