Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on Banxico

Mexico | Close call, but we expect Banxico to stick to its guidance and ease this week

March 25, 2026

Banxico is expected to resume its easing cycle with a 25 basis point rate cut to 6.75%. Despite an uptick in headline inflation driven by supply shocks and higher oil prices, underlying domestic demand remains weak, supporting a move towards a neutral rate.

Mexico | Yearbook of migration and remittances 2025

March 23, 2026

The Yearbook of migration and remittances 2025 analyzes global and regional migration dynamics, highlighting the US as the main destination. It also examines remittance flows to Mexico, which reached USD 64.7 billion in 2024, representing 3.5% of the national GDP.

MX_Pre-Meeting_Banxico_Watch_December_23

January 25, 2024

We don't expect any further shift in tone with the stage set for rate cuts soon but we now anticipate an even more gradual easing cycle due to Banxico's caution

Mexico | Easing cycle continues, but with another hawkish and cautious cut

May 14, 2020

Banxico cut the policy rate by 50bp to 5.50% but surprisingly continued to strike a hawkish tone. It seems that the central bank is more focused on the exchange rate and capital flows than on inflation and economic activity.

Banxico should speed up its easing pace, but will they?

May 12, 2020

Banxico still has a very inappropriate restrictive monetary policy stance. Banxico should cut the policy rate by at least 75bp; the odds of a milder 50bp cut are not low, but we expect Banxico to take a bolder step and cut rates 75bp to 5.25%.

Banxico's Measures Do Not Print Money to Fund the Government

April 29, 2020

Banxico’s measures look to meet three main targets: an orderly function of local fixed income markets, facilitation of banking credit flows and the injection of more liquidity into the Mexican financial system under the current economic context.

Banxico: Sound and Decisive Additional Measures to Promote Orderly Behavior

April 22, 2020

The effectiveness of the measures will depend on monetary policy taking a more relaxed stance and a significant fiscal boost being realized, complemented by a program of guarantees for development banking.

Banxico will continue their rate cut cycle with a larger 50bp rate cut on Thursday

November 12, 2019

A 50bp rate cut would mark the beginning of a long overdue easing cycle.

A still cautious Banxico cuts its policy rate to 7.75%

September 26, 2019

There is still plenty of room to cut rates; we expect at least 50bp of additional easing by year-end.

Banxico will cut 25bp their rate on Thursday and on each of the remaining meetings in 2019

September 25, 2019

Given softer inflation and easing inflation risks an easing cycle has further to run.

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