Free Trial

Citi Survey Sees Higher Inflation Projections

MEXICO
  • Late Tuesday, Citi published the results of its biweekly analysts’ survey where the next Banxico rate move is expected to be a 25bp hike in March. Inflation forecasts were revised higher, as well as the current year-end GDP projection:
    • 2023 year-end inflation raised to 5.30% from 5.20%
    • 2024 year-end inflation raised to 4.06% from 4.00%
    • 2023 GDP raised to 1.40% from 1.10%
    • 2024 GDP cut to 1.90% from 2.00%
    • 2023 year-end rate raised to 11.50% from 11.25%
    • 2023 year-end exchange rate lowered to 19.47 from 19.77 MXN/USD

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.