Mexico Analysts Lift Inflation and Growth Forecasts

Private sector analysts polled by Mexico central bank raised their inflation and economic growth forecasts for this year and 2027. Analysts expect the benchmark interest rate to remain steady.

Insights:
The logo of Mexico's Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico, April 26, 2024. REUTERS/Henry Romero

Private sector analysts in Mexico lifted headline inflation expectations for this year to 3.88% while raising economic growth forecasts. The survey of 40 analysts conducted by the central bank points to steady monetary conditions through the forecast horizon. The median forecasts reflect marginal adjustments across both price growth and output metrics for the coming years.