Analysts consulted by the American group Citi anticipate that general inflation in Mexico will moderate a little more and will close the year at 3.77%, from the 3.80% previously forecast.
However, the median of experts expects core inflation to close at 4.23%, from the 4.20% forecast in the previous biweekly survey.
By the end of 2026, the median headline inflation expectation increased to 3.91% from 3.90%, while the estimate for core inflation stood at 3.83% from 3.80%.
Citi’s biweekly exercise also detailed that participants maintain their expectation of a 25 basis point cut in the Bank of Mexico’s reference interest rate at its next meeting in December.
The median estimate for the interest rate at the end of 2025 remains at 7%, the same as in the previous survey.
Additional information: Private sector reduces Mexico’s GDP growth forecast for 2025 to 0.50%
The median estimate predicted that the dollar would be at 18.75 pesos at the end of 2025, from the 18.80 units previously forecast, and predicted that for next year the exchange rate would be at 19.31 pesos per dollar, lower than the 19.50 forecast in its last edition.
Growth estimates for 2025 and 2026 remained at 0.5% and 1.4%, respectively.
With information from EFE
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