Overview
- Argentina’s market survey (REM) pegs 2026 inflation at 20.1%, with monthly CPI projected to ease from 2.0% in January toward 1.5% by June.
- REM participants see the official exchange rate near $1,484 per US dollar in January and around $1,753 by December under the new inflation‑indexed band scheme.
- Argentine financial conditions are expected to soften, with the private‑sector TAMAR rate seen near 28% in January and about 21% by December 2026.
- Growth and external balances in Argentina are forecast to improve, with real GDP up roughly 3.3%–3.5% in 2026 and a goods trade surplus near US$10.97 billion.
- Mexico’s INEGI reported December 2025 inflation at 3.69% year over year as Banxico holds its key rate at 7.0% after a December cut, while private surveys point to modest 2026 GDP growth near 1.3% and a peso around 19 per US dollar by year‑end.