Mexico | Monthly Report on Banking and the Financial System. March 2024

Summary

In January 2024, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.3%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector grew 4.9% annually in real terms.

Key points

• Key points:
• The dynamism of time deposits continues to drive the growth of traditional commercial banking deposits.
• Commercial banking credit moderates its performance at the beginning of 2024.
• In Mexico, total financial savings grew 0.2%, YoY while total financing increased 1.7% YoY in real terms in 3Q23.
• Markets converge with FED projections as inflation tops estimates.

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