Mexico | Monthly report on Banking and the financial system. August 2025.

Summary

In June, real growth in outstanding loans to non-financial private sector slowed to 5.4% annually, its lowest level since April 2024, as the surge in demand ahead of US tariffs faded. Deposits registered a slower overall growth (3.6% in real annual terms), influenced by the weakness of the economy's revenue sources.

Key points

• Key points:
• Bank credit growth at its lowest since April 2024
• Bank deposits continue to slow their growth
• Financial savings and financing in Mexico remained sound at the close of 1Q25.
• Will Jackson Hole be the first hurdle for the complacent scenario discounted by markets?

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