Mexico | Strength of sight deposits lessened the monthly drop of traditional bank deposits

Summary

In November 2020, recent trends in MoM growth of bank deposits were reinforced. On the one hand, sight deposits rose again supported by savings from individuals. On the other hand, term deposits kept falling in a context of lower rates and a historical recession .

Key points

• Key points:
• ¿How to understand the recent growth in sight deposits in light of the economic recession and job losses?
• ¿Did recent trends in sight deposits change in November?
• A lack of appetite for Debt Mutual Funds as the outlook support riskier investments

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