Mexico | Total deposits dropped in April affected by a negative base effect

Summary

At present the significant growth in demand deposits has more than offset the slump of term deposits. Given that the rise in demand deposits can be related to temporary factors, the underlying question is: To what extent and how fast will households and companies reduce their accumulated liquid balances as COVID cases drop?

Key points

• Key points:
• Was April's monthly drop in deposits by individuals the beginning of a spending spree?
• Debt mutual funds stuck as inflation rose and risk aversión waned

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