Mexico | Banxico hints at a near end of the tightening cycle
Published on Friday, November 11, 2022
Mexico | Banxico hints at a near end of the tightening cycle
Banxico continued following in the footsteps of the Fed and lifted the policy rate by 75bp, to 10.00%, as widely expected. Banxico will likely still match December’s Fed hike but a decouple in February seems now possible.
Key points
- Key points:
- Gerardo Esquivel voted for a smaller 50bp rate hike.
- Banxico revised slightly to the downside its projected headline inflation path, but slightly to the upside its core inflation forecasts.
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