Mexico | Economic weakness prevails in the lower growth of bank deposits

Summary

During September 2019, bank deposits seems to have been more influenced by the prolonged weakness of economic activity in Mexico than by the environment of lower interest rates. This was reflected in a slower pace of joint growth of demand and term deposits, a fact that has not been observed since December 2018.

Key points

• Key points:
• Annual growth rate of term deposits is reduced below double digits
• The growth of demand deposits slows down
• Deposits in Debt Investment Funds with five consecutive months of double-digit growth for the first time since 2014
• Annual growth of Net Internal Financial Assets exceeds 2.0% for the first time since May

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