The members of the Governing Board stood out last week that the Mexican economy points to A recession before the fall of indicators such as employment and economic activity.
With these statements, analysts consider that Banxico will do until 3 cuts more than 50 points to the reference interest rate. With this, this year it could be at 7.5%, a rate below the 8.5% deemed previously estimated.
Before the signs that the Mexican economy will not have a good year for its growth, since the estimates say that the GDP will grow at levels close to 0%, the Central Bank considers that this will help it contain inflation.
With inflation that is already in the target range, Banxico considers that it can carry the interest rate to a less restrictive level.
What are the yields of the CETs?
This week, the 28 -day CETES were the only ones who presented this increase in their yields with a rate of 9%.
Three months, the CETES offer yields of 8.66% and 183 days the rate of performance is 8.55%.
Within 350 days, yields were adjusted to 8.57%.
