Analysts lower Mexico interest rate, GDP forecasts
MEXICO CITY, Oct 2 (Reuters) -Analysts see Mexico's interest rate ending the year at 10%, 25 basis points lower than they previously forecast, a Mexican central bank survey showed on Wednesday.
The poll by the Bank of Mexico also showed analysts trimming their expectation for 2024 economic growth for the sixth-consecutive month.
Analysts also revised their estimate for the end-of-year exchange rate, with the peso expected to trade at 19.66 per U.S. dollar, sharply above the previous expectation of 19.00 a dollar.
The survey of 40 analysts was taken between Sept. 24-27. The values shown are medians.
August | September | |
Inflation, end year pct | ||
2024 | 4.64 | 4.44 |
2025 | 3.80 | 3.80 |
Core inflation, end year | ||
2024 | 3.90 | 3.83 |
2025 | 3.72 | 3.70 |
Economic growth, annual | ||
2024 | 1.60 | 1.46 |
2025 | 1.50 | 1.20 |
Peso-dollar rate, end yr | ||
2024 | 19.00 | 19.66 |
2025 | 19.60 | 19.81 |
Interbank lending rate | ||
2024 | 10.25 | 10.00 |
2025 | 8.25 | 8.00 |
Reporting by Kylie Madry; Editing by Aida Pelaez-Fernandez
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