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

In the middle of 2022, the Construction sector continues to grow, 0.5% above that presented in the middle of 2021, driven by Civil Works, Building continues to contract. Bank mortgage credit in 2022 with discrete growth, has taken the lead. A high concentration is observed at the state level.
Banxico continued following in the footsteps of the Fed and lifted the policy rate by 75bp, to 10.00%, as widely expected. Banxico will likely still match December’s Fed hike but a decouple in February seems now possible.
Given the significant increase in global oil prices and, therefore, in gasoline, the Mexican government decided not to pass on this cost to consumers by subsidizing its price.