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The consensus of economic specialists anticipates that another interest rate cut will come in September. Bank of Mexico by 25 basis points to be located at 10.50%, recorded the Citibanamex Survey of Expectations.
While the majority, 23 of the 35 participants see a cut in September, 12 of those surveyed expect it until the last bimonthly of the year.
The median of the estimates projects the rate in 10.25% by the end of 2024, from the level of 10.50% which was expected in the last fortnight.
Meanwhile, for 2025 the median of expectations was reduced to 8.25% from 8.50%, with a range ranging from 7.25% a 10%.
Regarding the inflation rate, the survey with the most important economic voices in the country forecasts 5.3% at an annual rate. For the first half of August, the National Consumer Price Index increased 0.13% at a biweekly rate, which means it increased 5.33% annually from the 5.52% expected in the last study.
As for the entire month of August, analysts also estimate that general inflation will be 5.3% annually. “The inflation The general consensus forecast for August is 0.25% monthly or 5.25% annually, down from 5.57% in July.”
Exchange rate expectations for the end of 2024, according to the Citibanamex Survey, place the superpeso in the 19 pesos per dollar, the same as the previous fortnight.
For the end of 2025, the estimate decreased to 19.50 pesos per dollar from the 19.70 pesos estimated the previous fortnight.
As for the growth estimates of the GDP remained unchanged for both 2024 and 2025, after having previously expected a decline of 1.7%, the same as the previous survey and where the median projection for GDP growth in 2025 remained at 1.5%.
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2024-08-24 22:18:32