Searcher
Carlos Serrano
Carlos Serrano
BBVA Research - Chief Economist

Carlos Serrano is Chief Economist at BBVA in Mexico. He oversees a team of economists conducting work on economics, financial markets and regulation. He is also member of the Asset and Liabilities and Regulatory Committees.


He holds masters and PhD degrees from the University of California at Berkeley, where he specialized in macroeconomics, international finance, and industrial organization. He obtained a B.S. in economics from Instituto Teconológio Autónomo deMéxico, ITAM.


In 2000 he was awarded the national prize on economic research, awarded annually by Banco Nacional de México.


Before joining BBVA, Carlos was executive vicepresident for regulatory policy at Mexico´s Banking and Securities Commission where he was in charge of designing regulation for banks, securities and derivative markets, broker dealers, and mutual funds. He was Mexico´s representative before the Basel and IOSCO committees.


He also worked at the World Bank where he was, among other positions, Country Economist for Peru, Paraguay, and Bolivia.


He has taught advanced macroeconomics and finance at ITAM.

Latest publications

Board members voted 4-1 to hold rates steady at 11.00%. The fact that the decision wasn’t unanimous came as a bit of surprise considering the recent peso weakening and that Banxico was set to revise up its short-term headline inflation forecasts.
Banxico will most likely suggest it will proceed with caution, at least until more information is available about the judicial reform and the type of fiscal adjustment that will be implemented next year to fulfill the federal government’s commitment to reduce the public deficit by 2.9 points of GDP next year.
We will review our growth forecasts for 2024 and 2025 once the reform of the judicial system is known, which could have significant impacts on investment