Víctor Iván Fernández Mendiola
Víctor Iván Fernández Mendiola
Senior Economist
Mexico City

Víctor Iván Fernández Mendiola is an Economist at BBVA Research Mexico, specializing in macroeconomic and financial analysis of Mexico and the United States. He obtained a Master in Finance and a Bachelor in Economics from the National Autonomous University of Mexico (UNAM). In 2018 he passed the Level I exam of the CFA certification.

Previously he worked in the public sector as Director of Financial Oversight in the National Commission of the Retirement Savings System (CONSAR), coordinating off-site supervision tasks in financial matters applicable to Afores and Siefores. In the private sector, he served as the Evaluation Coordinator of the Financial Education Program of BBVA Mexico.

He is a professor in the Specialization in Applied Econometrics at the National Autonomous University of Mexico (UNAM).

Latest publications

Bringing inflation back down to target will likely cause “some pain”; yet, markets are (still) pricing in a soft landing. With the Fed set to hike rates by 50 bps in June and July, the tightening pace is set to be the fastest since the 1994-1995 hiking cycle.
We expect the Fed to hike the fed funds rate by 50bps and launch QT amid “much too high” inflation. The aim will be to bring inflation down while achieving a soft-landing of the economy.
Economic outlook with lower GDP growth, high inflation, and higher interest rates. A downward revision to our 2022 GDP growth estimate to 1.2% (2.1% previous) due to the continued weakness of domestic demand and the additional disruptions to global value chains driven by the Ukraine conflict.