Iván Fernández
Iván Fernández
BBVA Research - Senior Economist

Iván Fernández specializes in the macroeconomic and financial analysis of Mexico and the United States. He holds a BSc in Economics and an MSc in Finance from the National Autonomous University of Mexico (UNAM). He passed all three exams of the CFA Program on his first attempt.

Previously, he worked in the public sector as Director of Financial Oversight in the National Commission of the Retirement Savings System (CONSAR). In the private sector, he served as the Evaluation Coordinator of the Financial Education Program of BBVA Mexico.

He teaches statistics and econometrics at the National Autonomous University of Mexico (UNAM).

Latest publications

This first rate cut marks the start of a long and gradual easing cycle that will most likely keep the monetary policy stance restrictive throughout this year and next even if Banxico cuts the policy rate without skipping any meeting in the remainder of the year and in 2025.
The Fed appears to have achieved a better balance of risks around its dual mandate of price stability and maximum employment. This suggests that it will soon begin to normalize its policy stance, probably in June, although it will proceed cautiously even after that.
Banxico’s board had already signaled that a rate cut next week was likely. We think that is a done deal following this month’s inflation prints. We expect Banxico to cut the policy rate by 25 bps, to 11.00%. The focus will be on the signals about the upcoming rate-cut cycle.