Banxico survey sees lower inflation, stronger growth and 6.50% hold
A Bank of Mexico (Banxico) survey of private economists surveyed between September 15-28, revised down their headline and core inflation forecasts, updated their projections for the USD/MXN exchange rate, and revised their projections for the future of interest rates set by the Mexican institution.
The Bank of Mexico (Banxico) recently surveyed private economists and discovered a lower inflation outlook, stronger economic growth, and a projected 6.50% interest rate hold. Inflation is expected to end at 3.87% in 2026, down from August's 3.90%, while core inflation is forecast to finish at 3.90%, beneath August's 3.99% projection.
Economists also predict GDP growth to be 1.40% in 2025, up from 1.30% in August, and a USD/MXN exchange rate to end the year at 17.50 and 18.04 by 2026. Analysts believe Banxico will maintain interest rates at 6.50% through the end of 2025. Banxico, Mexico's central bank, is responsible for preserving the value of the Mexican Peso and setting monetary policy, primarily through interest rate adjustments.
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