The Bank of Mexico (Banxico) is expected at the first meeting of February 6 (Banxico) to make a base of 50.50%. Although Banorte analysts estimate that the cut at the rate will be 9.75% due to the uncertainty environment generated by President Donald Trump.
Although one Inflation deceleration It could be good news, not everything is good news: Banamex points out that in the remainder of the year, inflation will be in the target range, but far from the point goal of 3%; They hope that the data will close the year by 3.8%.
But this deceleration will be for a lower dynamism of the economy and less creation of formal employment.
Inflation in services has managed to stay below 5% despite the increases to the minimum wage of recent years.
“We estimate that the decrease in pressures on the service component will be more visible in the coming months, since conditions in the labor market begin to relax more significantly, which would compensate for the increase in merchandise inflation” Banamex said.
The same bank stressed that by 2026 there will be a slight increase in inflation related to the recovery of economic growth.
