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9th May 2024 20:14Latin AmericaWeekly Monitor

  • Banxico’s unanimous decision to keep rates on hold at 11% is due to persistent inflationary pressures.
  • Upward revisions to headline and core inflation forecasts signal a more hawkish bias than expected.
  • The Board is signaling the door is open for further interest rate cuts, as disinflation remains on track.

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Keywords for: 13 May 2024 LatAm Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence