Mexico City. Economic specialists from Citibanamex anticipate that this Thursday the Bank of Mexico (BdeM) will keep the reference rate unchanged, the instrument that sets the cost at which companies and families are financed.
When presenting the Citibanamex Expectations Survey, the institution indicated that only four of the 36 participants anticipate a movement in the interest rate in this week’s monetary policy meeting, 26 foresee a rate cut for June and six project it until the second half of the year.
Currently, the central bank’s reference rate, which is also the instrument by which the central bank seeks to control inflation levels, is at a level of 11 percent.
According to the document, most specialists consider that at the end of the year, the reference rate will be 10 percent, which would imply four cuts of a quarter of a percentage point, two of half a percentage point, or one of a point.
“There are estimates that range between 8.75 and 10.50 percent, while for the end of 2025 the median expectations remained at 7.75 percent, with forecasts between 6 and 8.75 percent,” said Citibanamex.
The document presented this Tuesday by the economic studies area of Citibanamex also indicates that the specialists made a cut to the estimate of economic growth for this year, as it went from 2.4 to 2.2 percent.
“The projection for GDP growth decreased after remaining at 2.4 percent for nine consecutive fortnights. The activity growth forecast for 2025 remained at 1.8 percent,” he said.
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– 2024-05-08 08:07:48
