Mexico analysts slightly lift inflation, growth forecasts

MEXICO CITY, ‌Nov 3 (Reuters) - ​Private ​sector analysts polled by Mexico's central bank edged up their ‌expectations for headline inflation this year ⁠and 2027, while also nudging up their ‌economic growth estimates for ‌both years, the bank said on Tuesday.

Headline inflation for this year is ​now expected to come in at 3.88%, up from the ⁠previous month's estimate of 3.87%, and seen closing 2027 ​at 3.85%, compared with the previous forecast of 3.82%.

Mexico's gross domestic ​product is now expected ‌to grow 1.50% in 2026, up from a previous estimate ⁠of 1.40%, and 1.83% in 2027, compared with a prior forecast of ⁠1.80%.

Analysts do not expect the central bank to ​make any further changes to its benchmark interest rate, currently at 6.50%, through the end ‌of 2027.

September October

Inflation, end year

pct

2026 3.87 3.88

2027 3.82 3.85

Core inflation, end

year

2026 3.90 3.82

2027 3.78 3.82

Economic growth,

annual pct

2026 1.40 1.50

2027 1.80 1.83

Peso-dollar rate, end

yr

2026 17.50 18.39

2027 18.04 18.64

Interbank ‌lending

rate

2026 6.50 6.50

2027 6.50 6.50

The survey of 40 analysts ⁠was taken between ‌October 19-29. The ​values shown are medians.

(Reporting by Aida Pelaez-Fernandez; Editing by Natalia ‌Siniawski)

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