Mexico | Monthly report on banking and the financial system. April 2025.

Summary

In February, outstanding loans to the non-financial private sector maintained double-digit annual growth, while traditional deposits slowed by 1.7% YoY in real terms compared to January. This trend is consistent with a context of anticipated foreign demand to avoid tariffs amid a local slowdown.

Key points

• Key points:
• Traditional bank deposits' growth declined in February
• Business credit underpinned the double digit annual growth rates of total credit to the non-financial private sector
• Markets point to the end of US exceptionalism

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