Mexican economy is likely to boost by service and manufacturing sector. On the other side, construction and mining sector will remain negative for the economy.
Recently J.P. Morgan has revised their forecast for the next interest rate hike by Fed to June from March and accordingly, they have also postponed the expectation for a second 25bp hike in Mexico, bringing the overnight rate to 3.5%, until June.
Free fall of Mexican Peso is the main concern for the country and current inflation is at 2.5% which is well below country's official 3% inflation target. Since the price of a country's currency affects the price of their products in world markets, the currency's exchange rate can have a big affect on national exports and costs of imports. Due to this reason, Banxico may avoid acting ahead of the Fed.