Financial Markets

Financial Markets latest publications

September 13, 2022

US | Treasury yields resumed their bearish trend after Powell’s tough talk on inflation

Persistent core inflation coupled with a resilient economy give the Fed “flexibility to be aggressive” against inflation. Another supersized rate increase (75 bps) is coming next week: the Fed will continue to front load rate hikes to add 150bp of tightening by December before shifting to a relatively long pause thereafter.

September 7, 2022

Mexico | Monthly Report on Banking and the Financial System. September 2022

In July 2022, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew at a real annual rate of 3.2%, while traditional bank deposits (demand + term) registered a real annual growth rate of 1.9%.

August 18, 2022

Argentina | Analysis of Argentina's structural Current Account and its determinants

The Current Account of the BoP includes the trade balance and the net dividend and interest payments abroad. A current account deficit implies that the country is a net debtor to the rest of the world. An econometric model is used to estimate the structural Current Account balance of Argentina and its long-term determinants

August 16, 2022

US | Long-term yields remain relatively low as financial conditions eased slightly

Signs that inflation is stabilizing and rising recession risks add to the market view that the policy stance could reverse sooner. More hikes are coming, as the Fed is still looking to take rates to a moderately restrictive level to bring inflation back down; however, the tightening pace will likely slow going forward.

August 8, 2022

Mexico | Monthly Report on Banking and the Financial System. August 2022

In June 2022, the nominal balance of the current credit portfolio granted by commercial banks to the NFPS grew 11.1% annually (2.9% real), while traditional bank deposits registered a nominal growth rate of 10.2% (2.1% real), maintaining the growth rate observed in the last two months.

July 25, 2022

Global | A tale of two inflations

Inflation continues to rise on both sides of the Atlantic, albeit at a different pace, reaching around 9% year-on-year in June in both economies. However, economic activity and inflation are being affected by shocks waves that are hitting them unevenly.

July 22, 2022

Mexico | Inflation: very high levels, but some good signs

Inflation remains very high globally. In our country it rose to 8% in June while in the United States it was 9.1%, something not seen in four decades and a shocking level in a country that had spent more than a decade with inflation below its central bank's 2% target.

July 21, 2022

Argentina Economic Outlook. Third Quarter 2022

The deviations from the targets agreed with the IMF triggered a deterioration of expectations and the economic situation, deepened by political tensions. Economic activity will slow down more than expected in the coming quarters.