Analysts expect Banxico to hold the rate at 6.50% despite three members' openness to a cut
The Citi Expectations Survey, published on October 20, showed that the analyst consensus expects Banco de México to keep the interest rate at 6.50% through the end of 2027, with no change at the November 5 meeting. Of 37 specialists, 25 do not foresee changes for the rest of 2026 or in 2027. Banxico's minutes from October 8 revealed that three of the five Board members opened the door to evaluating a cut. The consensus also raised its exchange rate forecast to MXN$18.20 per dollar by the end of 2026.
In 50 seconds
- The Citi Survey consensus expects the benchmark rate at 6.50% through the end of 2027, with no change at the November 5 meeting.
- 25 of the 37 specialists surveyed do not anticipate rate moves for the rest of 2026 or in 2027; Bankaool, Finamex and UBS see a 25-basis-point cut in November.
- The October 8 minutes showed that three of the five Banxico Board members opened the door to evaluating a cut.
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IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.
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