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January 20, 2022

Mexico | Considerations about the credit ratings of Mexico

In the following years public finances will continue to be pressured by the payment of pensions still remaining from the pay-as-you-go old system, guaranteed pensions and capital injections to Pemex.

January 13, 2022

Mexico | Producing all the gasoline that the country consumes is not efficient

Last month the government announced the intention to stop exporting oil as of 2023 to instead use it in the national refining of gasoline with the aim of achieving "energy autonomy" and stop importing gasoline.

January 12, 2022

Mexico | Monthly Report on Banking and the Financial System. January 2022

During October 2021, traditional private sector deposits increased in real terms, driven by employment and the rate hike cycle. The current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 0.2% in nominal terms.

January 5, 2022

Mexico | Consumption grows 1.4% in December with a boost from the services sector

The year-end data confirms the slowdown in consumption in 2H21, a period that registered a 4.9% variation, compared to the previous semester, a figure that contrasts with the 10.6% figure observed in 1H21.

January 3, 2022

Mexico | Does 1 in 5 pesos of remittances come from Mexicans in the construction sector?

In November, remittances to Mexico grew 37.7%. In 2021, the Mexican migrants in the United States grew to 11.9 million, 1 in 5 are employed in the construction sector. Several countries in Latin America and the Caribbean have also reported significant increases in their income from remittances.

December 23, 2021

Differentiated recovery of credit and deposits in the face of moderation of the pandemic.

The reduction in COVID-19 cases during October seems to have influenced a heterogeneous boost to credit, while the relevant rise in formal employment and the cycle of monetary tightening were reflected in an incipient change in the trend of term deposits.

December 16, 2021

Bottlenecks: opportunity for Mexico

Over the past months, a series of bottlenecks has resulted in disruptions to global supply chains and high levels of inflation. Ports in Asia and California are congested with ships waiting days to unload merchandise

December 9, 2021

Mexico | The financial system overcame the pandemic while maintaining its stability.

We share the conclusion reached by the FSR regarding the soundness of the financial system and we agree with the idea that some institutions of the banking system - none of systemic importance - may still have solvency problems, although this does not put the banking system at risk. as a whole.