Mexico | Monthly report on banking and financial system. November 2024

Summary

In September, current credit to the NFPS slowed down 0.5% YoY in real terms, as a result of the lower dynamism of consumer and business credit. Traditional deposits decelerated 0.6% YoY in real terms, as a consequence of the continued weakness of term deposits. A feeble economic activity seems to lie beneath both dynamics.

Key points

• Key points:
• IMF released the results of the annual Article IV consultation.
• Financial savings and total financing to the economy increased during the 1Q24.
• Disconnect between uncertainty and volatility could amplify vulnerabilities: IMF's GFSR.
• Is the reaction of domestic asset prices after 2016 US presidential election a guide to the forthcoming movements?

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