Mexico inflation to rise slightly in 2024, GDP to dip, central bank poll finds
MEXICO CITY, Nov 1 (Reuters) -Private sector analysts raised Mexico's inflation forecast for the end of this year to 4.45% and reduced their estimate for economic growth to 1.40%, according to a survey by the Mexican central bank, released on Friday.
The benchmark interest rate would end this year's fourth quarter at 10%, according to the median of the projections of the 41 local and foreign analysis groups Banxico polled between October 17-30.
September | October | |
Inflation, end year pct | ||
2024 | 4.44 | 4.45 |
2025 | 3.80 | 3.80 |
Core inflation, end year | ||
2024 | 3.83 | 3.80 |
2025 | 3.70 | 3.70 |
Economic growth, annual | ||
2024 | 1.46 | 1.40 |
2025 | 1.20 | 1.17 |
Interbank lending rate | ||
2024 | 10.00 | 10.00 |
2025 | 8.00 | 8.00 |
Peso-dollar rate, end yr | ||
2024 | 19.66 | 19.80 |
2025 | 19.81 | 20.00 |
Reporting by Raul Fernandez Cortes and Noe Torres
Writing by Stefanie Eschenbacher
Editing by David Alire Garcia
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
