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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.
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Free AccessCitiBanamex Survey Downgrades 2022 GDP Forecast
- The focus this week will be on inflation data from the US and Banxico’s first meeting/decision of the year, both scheduled for Thursday. USDMXN very narrow range from the open, just starting to edge through the 20.65 lows overnight.
- Late Friday, Citi published results of biweekly analysts’ survey in email in which they downgraded 2022 year-end GDP as well as adjusting both 2022 and 2023 year-end rate forecasts higher.
- Next rate move to be a 50 bps increase in Feb.
- 2022 GDP cut to 2.20% from 2.50%, 2023 GDP held at 2.10%
- Analysts see 2022 CPI at 4.4%
- 2022 yr-end rate raised to 7.00% from 6.75%
- 2023 yr-end rate raised to 7.25% from 7.00%
- For reference, the results are the median forecast of about 30 analysts
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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.