Banxico to deliver another 50bp hike, to 6.00%

Summary

Core inflation pressures will remain the focus of the Board .

Key points

• Key points:
• Banxico’s concerns on inflation likely did not ease since the last meeting
• Banxico’s own core inflation measures will likely keep the Board hawkish
• We expect Banxico to raise the policy rate to 7.00% by year-end as inflation remains above 4.0% throughout 2022

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