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Citi Survey Cuts 2023 Year-End Inflation To 4.66%

MEXICO
  • Citi have published the results of its latest biweekly analysts’ survey of expectations:
    • Next rate move still expected to be a 25 bps cut in December 2023
    • 2023 year-end inflation cut to 4.66% from 4.80%
    • 2024 year-end inflation held at 4.00%
    • 2023 GDP raised to 2.40% from 2.30%, 2024 GDP held at 1.50%
    • 2024 year-end rate cut to 8.38% from 8.50%
    • 2023 year-end exchange rate lowered to 17.95 from 18.30
    • 2024 year-end exchange rate lowered to 19.03 from 19.25 (BBG)

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