Banks latest publications
During October 2021, traditional private sector deposits increased in real terms, driven by employment and the rate hike cycle. The current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 0.2% in nominal terms.
Inflation in December maintained its upward trend and again surprised on the upside with a monthly variation of 0.73%, closing the year at 5.62%. Inflation without food had a monthly variation of 0.44% and was 3.44% in annual terms, 8 basis points higher than in November.
December 23, 2021
Differentiated recovery of credit and deposits in the face of moderation of the pandemic.
The reduction in COVID-19 cases during October seems to have influenced a heterogeneous boost to credit, while the relevant rise in formal employment and the cycle of monetary tightening were reflected in an incipient change in the trend of term deposits.
The ECB announced, as expected, the end of the PEPP in March, and approved several measures to soothe the cliff edge that this measure implies
The Board of the Central Bank decided to increase the monetary policy rate from 2,00% to 2,50% in December. The Bank pointed out at the deterioration of expectations of domestic activity and a slower recovery of global activity, which could imply some moderation looking forward.
December 9, 2021
Mexico | The financial system overcame the pandemic while maintaining its stability.
We share the conclusion reached by the FSR regarding the soundness of the financial system and we agree with the idea that some institutions of the banking system - none of systemic importance - may still have solvency problems, although this does not put the banking system at risk. as a whole.
In 3Q21, the percentage of companies that obtained financing increased, while the recovery in demand for automotive credit has lagged in comparison to other segments. In a context of increased volatility in financial markets, the International Monetary Fund renewed a USD 50 billion flexible credit line for Mexico
Inflation in November had a monthly variation of 0.50% and reached 5.26% in annual terms. Food for home consumption was once again a protagonist in the month's result, with a monthly variation of 1.45%.