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Central Bank Economist Survey Cuts Inflation Expectations

MEXICO
  • Within the latest monthly Banxico survey of economists, both the prediction for 2023 and 2024 year-end inflation has been reduced. Additionally, 2023 GDP was revised higher to 1.68%. The central bank published the report on its website earlier today.
    • 2023 year-end inflation cut to 5.11% from 5.26%
    • 2024 year-end inflation cut to 4.06% from 4.14%
    • 2023 GDP raised to 1.68% from 1.43%, 2024 GDP cut to 1.61% from 1.67%
    • 2023 year-end exchange rate lowered to 19.16 from 19.40
    • 2024 year-end exchange rate lowered to 19.88 from 20.02

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