Mexico | Banking deposits: better than expected in January in spite of a seasonal drop

Summary

The month of January is usually a weak one in terms of banking deposits as a consequence of the payment of year-end related expenses, the seasonal unemployment and the rise of some prices. In spite of this, banking deposits showed resilience.

Key points

• Key points:
• Deposits from individuals underpinned again the performance of total deposits
• Debt mutual funds deposits rose in January as the market expected a restart of the loosening monetary cycle and as equity volatility spiked

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