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).November 16, 2024
A lower deficit will promote more stability of the public debt-to-GDP ratio in the future, but the optimistic assumption of economic growth prompts us to foresee a Historical Balance of Public Sector Borrowing Requirements (HBPSBR) of 52.9% vs. 51.4% of GDP anticipated by the Finance Ministry.
November 15, 2024
A majority will remain determined to continue the easing cycle over the coming months, but we now expect Banxico to lower the policy rate to 8.00% by the end of next year (up from our previous 7.50% forecast).
November 12, 2024
Banxico is likely set to cut the policy rate by 25 bps this week in a backdrop of easing core services inflation, which is starting to turn a corner amid a challenging context for economic activity.
