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Citi Survey Sees 2022 Year-End Rate Forecast Raised To 10.00%

MEXICO

Citi published the results of its biweekly analysts’ survey in an email on Tuesday, where 2022 CPI estimate were increased to 8.37% from 8.20%.

  • Next rate move to be a 75 bps increase in September.
  • 2023 year-end inflation cut to 4.70% from 4.71%
  • 2022 GDP raised to 2.00% from 1.90%, 2023 GDP cut to 1.20% from 1.40%
  • 2022 year-end rate raised to 10.00% from 9.75%, 2023 year-end rate cut to 9.25% from 9.38%
  • 2022 year-end exchange rate lowered to 20.60 from 20.80 MXN/USD

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