Mexican interest rates more likely to fall than rise

The Mexican Central Bank (BANXICO) left interest rates on hold at 4.5% this afternoon. Strong economic growth and a recent pick-up in inflation mean that the three-year pause may last a while longer. But with external headwinds brewing, we continue to think that the next move in Mexican interest rates will be down.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.