In Mexico, the flow of recent economic data continues to point to an economy that is performing surprisingly well under the yoke of the historically high interest rates imposed by the Bank of Mexico (Banxico) to curb inflation.
Although the GDP growth rate in Mexico was lower on a yearly basis in Q1 it rose 0.2% quarter-on-quarter; April’s Manufacturing PMI remained in expansive territory; Business Confidence in April edged lower but not by much, and Gross Fixed Investment in February beat expectations.
Additionally, in a recent poll, a majority of private analysts expected inflation to rise to 4.20% in 2024, which was up from the March estimate of 4.10%, revealed Banxico.
The data points to Banxico likely keeping interest rates at their elevated 11.0% for now, which supports the Peso since it boosts foreign capital inflows.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
