Banxico Survey: Private economists expect lower inflation in Mexico

On Wednesday, the Bank of Mexico (Banxico) reported that private analysts reduced their inflation expectations for the end of 2026 and updated estimates for economic growth, the exchange rate and the interbank lending rate.

Headline inflation is expected at 4.20%, down from 4.35% in the previous poll, while core figures are expected to dip from 4.22% to 4.18%.

Regarding economic growth, the Gross Domestic Product (GDP) is forecast at 1.10%, unchanged from the previous poll. For 2027, the projections remained unchanged at 1.80%.

The USD/MXN pair exchange rate is expected to end at 17.95 this year, up from 17.85, and for 2027 is projected to remain steady at 18.50.

For the interbank lending rate, the rate is expected to remain unchanged at 6.50% for the rest of the year and in 2027.