Macroeconomic Outlook: Banxico Policy Unchanged and USDMXN Projections for 2026

Recent research by Citibank reveals the expectations of Mexican economists regarding monetary policy and exchange rates. After consulting with 35 experts, the report indicates that the Banxico is likely to maintain its current strategy without significant changes in the near future. The forecast projects that the US dollar/Mexican peso (USD/MXN) exchange rate will close at around 17.90 by the end of 2026, indicating a partial stability in the foreign exchange market. This scenario reflects the confidence among experts about Mexico’s economic performance and current favorable global conditions. The research highlights that key factors supporting this projection include controlled inflation, moderate interest rates, and gradual global economic recovery. However, any significant changes in global economic scenarios could impact these future expectations. Evaluating macroeconomic prospects raises interests in how Mexico positions itself globally, especially within the context of Latin America’s pursuit of economic stability and sustainable growth.