Searcher
Carlos Serrano
Carlos Serrano
Chief Economist
Mexico City

Carlos Serrano is Chief Economist at BBVA in Mexico. He oversees a team of economists conducting work on economics, financial markets and regulation. He is also member of the Asset and Liabilities and Regulatory Committees.


He holds masters and PhD degrees from the University of California at Berkeley, where he specialized in macroeconomics, international finance, and industrial organization. He obtained a B.S. in economics from Instituto Teconológio Autónomo deMéxico, ITAM.


In 2000 he was awarded the national prize on economic research, awarded annually by Banco Nacional de México.


Before joining BBVA, Carlos was executive vicepresident for regulatory policy at Mexico´s Banking and Securities Commission where he was in charge of designing regulation for banks, securities and derivative markets, broker dealers, and mutual funds. He was Mexico´s representative before the Basel and IOSCO committees.


He also worked at the World Bank where he was, among other positions, Country Economist for Peru, Paraguay, and Bolivia.


He has taught advanced macroeconomics and finance at ITAM.

Latest publications

Recessions occur because the Fed's short-term interest rates determine the level of all rates in the economy: the Fed's rate hike implies higher rates for credit to companies, for mortgage loans and for consumer loans, etc.
Banxico raised the policy rate by 75bp to 7.75% and signaled that another hike of this size was possible at its next meeting, but also that a larger hike was unlikely
There is (now) a wide consensus that Banxico will match Fed’s expected hikes through December, taking the policy rate to 9.50% by year-end