Banxico forecasts 2026 GDP growth of 1.1% (prev. 1.6%), 2027 growth of 2.1% (prev. 2.0%); forecasts average annual headline inflation in Q4 26 at 3.5% (prev. 3.5%) and Q4 26 core inflation at 3.4% (prev. 3.4%).

Headline inflation seen converging to 3% target in Q2 2027. Average annual headline inflation in Q4 27 seen at 3.0% (prev. 3.0%); core inflation in Q4 27 seen at 3.0% (prev. 3.0%).  Looking ahead the board of governors believes it will be appropriate to maintain interest rate at its current level