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When asked if he thought remittances to Mexico will continue to break records in 2023, Carlos Serrano, chief economist of BBVA in Mexico said that he thought they will continue to break records, even with growth slowing slightly due to the labor market in the US suffering the effect of high rtes.
Answer : We believe that we are already on a downward trend in inflation. Inflation already reached its peak in Mexico last August and September. It is true that it had a very slight rebound in January, but that small rebound has not marked a change in trend. It seems to me that inflation continues to decline and will continue to decline this year. No, it will not be an easy path, it is possible that we will see some fortnights where there are small setbacks, but the trend we anticipate is that inflation will continue to fall to settle at 4.7% at the end of the year.
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