Mexico: Q4 GDP expected to decelerate to 2% Y/Y - TDS

Analysts at TD Securities suggest that the Mexican Q4 GDP is expected to decelerate to 2% Y/Y from the previous 2.5%, on the back of a 0.2% Q/Q print.

Key Quotes

“This is not likely to be very relevant for Mexican assets unless we see substantial underperformance. If so, it would begin to raise questions as to the length of time Banxico can maintain the balancing act between containing inflation/inflation expectations, and not choking off growth with high nominal rates.”