Mexico | Slight rebound in traditional deposits in April, supported by term deposits

Summary

The combination of weak economic activity and high short-term interest rates maintain low growth over demand deposits, the main component of traditional deposits.

Key points

• Key points:
• The low dynamism of demand deposits is explained, among others, by the lower rate of expansion of economic activity and the external sector
• The growth of April term deposits (14.5%) reflects the favorable performance of all its components
• The low growth of the shares of the Debt Investment Funds will persist as long as the bank interest rates are high
• The growth of the Net Internal Financial Assets of April 2019 is the lowest recorded in the year

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