September 13, 2019
Mexico latest publications
Through the “Financial Stability Report” (REF), Banco de México (Banxico) monitors the main risks and vulnerabilities that could affect the stability of the Mexican financial system.
Sight deposits hiked to 5.7% (YoY), while term deposits slowed down to 12.9% (YoY), influenced by possible signs of change in savings dynamics.
Economic package reinforces signals of fiscal discipline by establishing a primary surplus target at a weak period of the business cycle.Consequently, it is positive that the federal government has proposed a primary surplus of 0.7% of GDP instead of the 1.3% that it had suggested in Pre-Criteria of economic policy for 2020
September 6, 2019
Mexico | In July, bank credit to the private sector grew for a third month by one digit
In July 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 8.6% (4.6% real). This growth was slightly higher than the previous month (8.4%) and, in turn, was lower than the growth of the same month of 2018 (12.1%).
September 5, 2019
Mexico | August CPI forecast:annual headline inflation set to fall to 3.16%, core to 3.74%
Core inflation to ease slightly but unlikely to fall notably in annual terms until 4Q.
The Oaxaca Pact aims at attracting investment and create industrial and commercial infrastructure that would translate into greater jobs and GDP growth in the South and Southeast of Mexico.
Personal loans slow down, with lower average origination figures and higher interest rates in 2019. The share of customers who pay in full each month has grown in both the number of credit cards and the balance of credit granted. Banks granted better conditions for auto loans in 2018.