Mexico | Unexpected double-digit growth in traditional bank deposits during 2020

Summary

Deposits was the component of bank intermediation that most changed its trend as a result of the pandemic. As of last March, it became aware of the continuous increase of this component, which closed 2020 with 10 consecutive months with double-digit nominal annual growth rates.

Key points

• Key points:
• Why was the behavior of bank deposits in 2020 different from what was observed in other recessive periods?
• After the "Buen Fin" (Good Weekend), individuals resumed their pattern of accumulation of liquidity in December
• Debt Investment Funds cede ground to their Equity counterpart during 2020

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