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Financial Economics & Central Banking

Financial Economics & Central Banking latest publications

October 8, 2021

Mexico | Monthly Report on Banking and the Financial System. October 2021

The withdrawal of Accendo banking license does not represent a risk for the stabilility of the banking system. This was confirmed by the Financial System Stability Board as it stressed that the fundamentals of the system remain sound. However, concerns about the weakness of the credit granted to the private sector prevail.

October 8, 2021

Peru | Central Bank hikes by 50bp again in response to unanchored inflation expectations

The Board of the Central Bank decided to increase the monetary policy rate from 1,00% to 1,50% in October. The Bank once again deems convenient to maintain an expansive policy stance for a prolonged period.

October 4, 2021

Europe | Climate resilience: better from now on

The European Central Bank (ECB) recently published the detailed results of its climate stress test on both banks and non-financial companies in the euro area. The exercise was designed around three main pillars.

October 1, 2021

Colombia | BanRep increased its benchmark rate in 25bp to 2.0%

In September, BanRep increased in 25bp the monetary policy rate to 2.0%. The vote was divided, with 3 members in favor of a 50bp increase. The Staff reviewed their activity, inflation and current account deficit forecasts upward. With this move the Bank starts a rate hiking cycle.

September 30, 2021

Sizable upward revision to core inflation forecasts points to more tightening

The tightening cycle will likely continue, but we stick with our more dovish view than priced by markets for 2022 .

September 29, 2021

Banxico: inflation will keep the majority of the Board in a tightening mode

Banxico will likely hike the policy rate by 25bp to 4.75% but looking ahead, we stick with our more dovish view .

September 27, 2021

Europe | Germany — starting point for the cycle of elections

The election results show a very open electoral landscape—with a narrow victory by the SPD. These elections are important because they signal the start of an electoral cycle in the major European countries, within a context plagued with problems needing to be resolved.

September 23, 2021

Mexico | Cryptocurrencies: ¿will bitcoin be money?

This month El Salvador recognized bitcoin as legal tender. ¿Could bitcoin be a currency in which everyday transactions such as going to the supermarket, paying rent, or making investments are carried out?