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December 1, 2020

Mexico | Despite the pandemic Remittances continue unstoppable: they grew 14.1% in October

In the first ten months of the year, 33,564 million USD have entered Mexico, 10.4% more compared to the 30,395 million USD received in the same period of 2019. Considering the ten months of the year, on average, the flow of Remittances to households in Mexico increased 20.3% in real terms.

November 25, 2020

Mexico | Global crisis leads to current account reversal

In contrast to the current account deficit recorded in the third quarter of 2019, this indicator showed a surplus of USD 17.498 billion in the third quarter of 2020, mainly due to the much higher positive balance on non-oil goods.

November 24, 2020

Mexico Banking Outlook. Second half 2020

Credit to the private sector slowed down due to lower demand. The business and consumer portfolios contracted, while the housing portfolio reduced its dynamism. Financing to the public sector accelerated significantly.

November 19, 2020

Exchange rate effect and prices would decrease oil revenues, even with a larger production

The dynamics of nominal GDP (in USD) from oil mining are closely related to the oil revenues of the federal government. In Mexico, as a price-taker in the international market, such dynamics are determined by the evolution of oil prices, the volume of production and the exchange rate.

November 12, 2020

Mexico | Banxico holds rates unchanged

The decision might not mark the end of the rate cut cycle if with falling inflation Banxico resumes it in 2021. Banxico reasons for pausing not clear in the statement.

November 11, 2020

Mexico | Banxico is likely to cut the policy rate by a further 25bp to 4.00%

We continue to think that Banxico will move in 25bp steps from here until the policy rate reaches 3.0% (in May 2021). We continue to expect that Banxico will slash rates further than currently expected, as Banxico keeps them close to 0% in real terms.

November 10, 2020

Mexico | Perspectives for financial inclusion and education in 2020

Regarding the National Financial Education Week, we recover the main advances, setbacks and changes that Mexico has had in financial inclusion and education. We present the most notable aspects of the National Policy for Financial Inclusion 2020, along with the latest figures of the country in financial inclusion.

November 6, 2020

Global | The COVID-19 impact on Consumption in Real Time and High Definition: Nov 6th

Positive growth rates continued in Turkey, USA and Mexico during October. The positive trend intensified in Peru, while moderated in Spain. This recovery is uneven across sectors and countries. While entertainment expenditure recovered faster in developed countries and Turkey, transport spending did it in Latam countries.