Mexico | Monthly Report on Banking and the Financial System. November 2019

Summary

The International Monetary Fund (IMF) has reported on the results of the annual assessment of the Mexican economy for 2019. The IMF approves a new flexible credit line for Mexico. Commercial banking contributed to growth in 1H19. Adjustments for securities operations. Amendments for bank correspondents.

Key points

• Key points:
• Optimism about the Phase 1 trade agreement between the US and China dominates stock markets. Prices in other markets suggest the need for some caution
• Bank credit for the private sector stabilizes at a single-digit growth rate
• Economic weakness affects the performance of bank deposits

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