Adjusted Forecasts: Lower Inflation and Higher Economic Growth

Experts from the private sector have lowered their inflation projection for Mexico to 4.42% for the end of this year, while raising their estimate for economic growth to 1.53%, according to a survey conducted by the Bank of Mexico today.

These specialists, consulted by Banxico, also expect that the interbank interest rate could reach 10% by the end of the fourth quarter of 2024. This projection is based on the median from 40 analytical groups, both domestic and international, who submitted their estimates between November 22 and 28. Additionally, they predict that the Mexican peso will finish the year at 20.29 pesos per dollar and that its value could drop further in 2025, closing the year at 20.59.

While these adjustments in projections are encouraging for economic growth, it is important for authorities to remain vigilant regarding external factors that could impact inflation and the stability of the peso. Prudent monetary decisions and responsible fiscal policy will be crucial to sustain this positive trend in the medium and long term.