Searcher

Published on Tuesday, September 27, 2022 | Updated on Tuesday, September 27, 2022

Banxico: A more hawkish Fed means a higher peak for the policy rate in Mexico

There’s a lot of tightening still in the pipeline: Banxico will likely match the (now larger) Fed’s expected rate hikes .

Key points

  • Key points:
  • Banxico will continue following in the footsteps of the Federal Reserve (Fed) and will lift the policy rate by 75bp, to 9.25%
  • We now expect Banxico to take the policy rate to 10.50% by year-end on a more hawkish Fed and stronger core inflation
  • … but we continue to anticipate that an easing cycle will start in 3Q23

Documents to download

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment.

Load more

You may also be interested in