Mexico | Credit to the non-financial private sector registered a contraction in real terms

In August 2020, the balance of current credit granted by commercial banks to the private sector grew at a nominal annual rate of 2.7% (-1.3% real), lower than the nominal rate observed the previous month (4.9%) and the nominal rate of 8.9% observed in the same month of 2019.

Key points

• Key points:
• The dynamism of the business loan portfolio is reduced despite the effect of the exchange rate depreciation
• Consumer credit registers a general slowdown
• Housing credit is still growing, although with a clear downward trend

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