Mexico | In May data signaled a turning point in the dynamics of deposits

Summary

Slightly more than half of the upturn in bank deposits between February 2020 and April 2021 can be explained by the increase in demand deposits from individuals. How much longer will this trend last? The answer will be known in the coming months. However, May data give us a hint.

Key points

• Key points:
• Sight deposits from individuals dropped for second month in a row as consumers start to spend the money saved during the pandemic
• In a risk-on environment, debt mutual funds lag behind other assets with a more alluring risk return relation

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