Citigroup Survey Details Private Sector Expectations for Mexico's Borrowing Costs

Citigroup released a survey detailing private-sector expectations for Mexico's borrowing costs. Twenty-five of 37 respondents expect no change in Mexico’s 6.50% policy rate through 2027, with the median estimate holding at 6.50% through the end of both 2026 and 2027. The survey also projected median GDP growth of 1.4% for 2026 and 1.8% for 2027, alongside median headline inflation estimates of 3.90% for 2026 and 3.86% for 2027.

The survey provides a measure of private-sector sentiment regarding Mexico's monetary policy and economic trajectory. Forecasts indicate a median USD/MXN exchange rate of 18.20 at the end of 2026, reflecting expectations for currency valuation. These private forecasts are separate from official projections by Banco de México.