Mexico | Monthly Report on Banking and the Financial System. October 2022

Summary

In August 2022, the balance of the current loan portfolio granted by commercial banks to the non-financial private sector (NFPS) grew at an annual rate of 3.2% in real terms, while the balance of traditional bank deposits (sight + term) increased real annual growth of 1.1%.

Key points

• Key points:
• Credit to the non-financial private sector stabilizes its growth in August.
• Traditional bank deposits lost momentum in August due to the stagnation of sight deposits.
• Risks to financial stability associated with adjustments in monetary policy positions.
• Performing credit falls in the Center of the country in 2Q22, due to lower financing of agricultural and industrial activities.
• At first, inflation persistence, and later, FED hawkishness, killed Powell pivot in September.

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