A survey carried out by the Reuters agency of 20 analysts shows an estimate similar to that of the BofA. It should be noted that the current level of the reference rate is at historical maximum levels after prices reached maximum levels in more than two decades.
Monetary tightening began in June 2021.
“The focus will be on the announcement, particularly forward-looking guidance,” Barclays said in an analysis note.
“In our opinion, it is very likely that the board will maintain the sentence ‘it considers that it will be necessary to maintain the reference rate at its current level,'” he added to Reuters.
The central bank has said it sees it necessary to leave interest rates at their current historically high levels for an extended period in order to achieve an orderly convergence to the permanent 3% inflation target.
BBVA Research points out that Banxico seems to feel comfortable with the current level of the exchange rate and that it will pay more attention to internal risks for rising prices.
According to another Reuters poll, the price index would have moderated in the first half of June for the third consecutive fortnight to settle at 5.30%, after last year it shot up to 8.77%, a level not seen in more than Two decades.