Last week, Banxico cuts growth estimates to 1.5% economic in the face of government spending cuts and exchange rate volatility.
For inflation, the analysts those consulted by Banxico expect that the Inflation closes this year at 4.64%a rate above Banxico’s estimate of 4.4%.
The exchange rate is expected to close the year at 19 pesos per dollar and the reference rate is expected to close at 10.25%.
