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Banxico Cuts 2024 GDP Growth Forecast To 2.4%

MEXICO
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • Banxico has published its quarterly inflation report, in which it has revised down its 2024 GDP growth estimate to 2.4% (from 2.8%), while maintaining its 2025 GDP forecast at 1.5%.
  • Inflation is expected to converge to the target in Q4 2025, as per the recent MPC meeting, with risks balanced to the upside.
    • Headline inflation seen converging to 3% target in Q4 2025
    • Balance of risks for inflation remains balanced to the upside
    • Board will closely monitor the inflationary pressures, as well as all the factors that affect the expected trajectory of inflation and expectations
    • Board will evaluate inflationary outlook to discuss adjustments in the reference rate (Reuters)
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  • Banxico has published its quarterly inflation report, in which it has revised down its 2024 GDP growth estimate to 2.4% (from 2.8%), while maintaining its 2025 GDP forecast at 1.5%.
  • Inflation is expected to converge to the target in Q4 2025, as per the recent MPC meeting, with risks balanced to the upside.
    • Headline inflation seen converging to 3% target in Q4 2025
    • Balance of risks for inflation remains balanced to the upside
    • Board will closely monitor the inflationary pressures, as well as all the factors that affect the expected trajectory of inflation and expectations
    • Board will evaluate inflationary outlook to discuss adjustments in the reference rate (Reuters)