Free Trial

Latest Citi Survey Cuts 2023 CPI Estimate to 5.13%

MEXICO
  • Citi published the results of its biweekly analysts’ survey by email. Within the report, the median forecast of about 30 analysts is for another 25bp rate hike in May. Inflation expectations edged lower with a notable uptick for 2023 year-end growth prediction.
    • Next rate move to be a 25 bps increase in May
    • 2023 year-end inflation cut to 5.13% from 5.18%
    • 2024 year-end inflation cut to 4.01% from 4.02%
    • 2023 GDP raised to 1.60% from 1.40%, 2024 GDP held at 1.80%
    • 2023 year-end rate cut to 11.25% from 11.38%
    • 2024 year-end rate held at 8.50%
    • 2023 year-end exchange rate lowered to 19.28 from 19.44 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.