Free Trial

Banxico Raises 2021 Inflation Forecast To 6.26%

MEXICO
  • In its monthly survey of economists, Banxico increased 2021 and 2022 inflation forecasts to 6.26% and 3.84% in September, respectively, up from 6.06% and 3.79% the previous month.
  • Real GDP was also revised slightly higher to 6.15% and 2.88% for 2021 and 2022 (up from 5.99% and 2.81%).
  • USDMXN is slightly down following the survey release, currently trading at around 20.50. Next support to watch on the downside stands at 20.4560, which corresponds to yesterday's low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.