The slowdown of the economy at the end of 2023 puts pressure on the Bank of Mexico. The decline in economic activity in the last three months of last year closes the window for the central bank to maintain the interest rate at 11.25%.
“The sharp slowdown increases the chances of a Banxico cut next week,” wrote Jasontuvoy, an economist specializing in emerging markets for the firm Capital Economics in England in a report on Tuesday. “We expect growth in Mexico to remain slow in the coming quarters,’tuvoy wrote.