The median of projections of 12 participants consulted by Reuters showed that the General inflation in December will have an interannual rate of 4.28%his lowest level since October 2023.
The goal of the Bank of Mexico is to maintain inflation at 3% with a variability range of one percentage point up or down.
Regarding underlying inflation, considered a better parameter to measure the trajectory of prices because it eliminates highly volatile products, a rebound of 3.62% is expected, after 22 continuous months of decline.
In mid-December, Banxico cut the reference rate by 25 basis points for the fifth time this year and announced that it could continue to reduce the cost of credit throughout 2025, even with larger cuts.
In an interview with Reuters, Deputy Governor Jonathan Heath said the central bank’s governing board could discuss a cut of up to 50 points in its first decision of the year scheduled for February 6.
The inflation data will be released on Thursday, January 9 and the monetary policy decision will occur on February 6.
With information from Reuters
