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Published on Friday, May 22, 2020

Mexico | Traditional bank deposits register a short-term rebound

In March 2020, the nominal annual growth rate of traditional bank deposits (demand + term) was 13.9% (10.9% real), showing an unusual increase compared to the result observed in February (when it registered nominal growth of 5.8%) and in March 2019 (month in which it grew 7.7%).

Key points

  • Key points:
  • Demand deposits accelerate their dynamism on demand for more liquidity
  • Term deposits increased for precautionary purposes and as a valuation effect of the exchange rate
  • Debt Investment Funds reduce their dynamism
  • Net Internal Financial Assets accentuate their slowdown, reflecting the decrease in the holding of non-residents

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