Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.
Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.
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April 17, 2025
The CBRT hiked the policy rate by 350bps to 46%, surprising the consensus of no change, and narrowed down the interest rate corridor to 44.5%-49%. Contrary to previous assessments of recent shocks as transitory, the CBRT becomes more prudent hiking its main tool and reaching an availability of the funding rate up to 49%.
April 17, 2025
High frequency data for 1Q25 point that the q/q growth will likely remain steady as in 4Q24, supported by the domestic demand. Despite the uncertainty on trade wars and recent tightening in financial conditions, we evaluate risks as balanced on our 2025 GDP growth forecast of 3.5%, given the strong buffer of 1Q25 growth.
April 16, 2025
On the back of both internal & external shocks, the CBRT hiked the ON lending rate to 46% and squeezed TL liquidity in March. With the tightening steps, credit growth decelerated and the increased funding costs are expected to weigh on the 2025 profitability of the sector.
April 15, 2025
In February, GDP grew 2.7% year-on-year, below the market consensus (3.4%), affected by a negative base effect. The non-primary component grew 2.5%, with construction being the most notable. The primary component grew 2.3%, driven by fishing and agriculture. Mining contracted due to lower gold and zinc production.
April 14, 2025
Formal employment in Mexico shows clear signs of deceleration, reflecting an adverse economic environment marked by domestic and global uncertainties. Although real wages have remained somewhat resilient, job creation faces significant pressures that negatively impact the total wage bill.
April 14, 2025
The United States' trade strategy aims to reduce the nation’s bilateral trade deficits to zero. This target is difficult to achieve and the product of a misdiagnosis, which is currently eroding global growth and undermining stability.
April 14, 2025
The temporary suspension of some of the measures has brought relief, but Europe and Spain have taken the opportunity to outline their strategy for addressing the increase in trade barriers and potentially more-negative scenarios.
April 11, 2025
This document analyzes water consumption trends both globally and in Mexico, highlighting the current drought and storage levels in the country’s main reservoirs. It also summarizes the key components of the proposed National Water Plan aimed at addressing the growing water scarcity in the country.
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