Citibanamex estimates rate cuts close to

by times news cr

2024-07-27 17:00:17

There is a consensus among the country’s financial specialists for a 25-point cut to the interest rate. Bank of Mexico In August, the survey determined Economic expectations of Citibanamex.

The median of the estimates for the interest rate at the end of 2024 remained at 10.25%, with a range between 10.00% y 10.75%. By the end of 2025, the median of expectations increased to 8.38% from 8.25% in the previous survey, with a range from 7.00% a 9.50%.

While in the case of inflation for the first half of July, they project a rebound to 5.4%. Respondents estimate that in the first half of
July the National consumer price index increased 0.47% biweekly, which implies 5.35% annually, from 5.17% recorded in the previous two weeks.

For the entire month of July, analysts estimate that the inflation general will be 5.2% annually.

The general inflation forecast for July by consensus was 0.68% monthly or 5.18% annual, above the 4.98% of June.

For underlying prices, respondents anticipate an increase of 0.30% monthly or 4.03% annually, below the figure of 4.13% annual observed the previous month. In the case of the estimated exchange rate At the end of 2024, the survey places it at 18.80 units per dollar.

2024-07-27 17:00:17

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