Mexico | Banking deposits confirmed its strength in August
Published on Thursday, October 28, 2021
Mexico | Banking deposits confirmed its strength in August
Summary
Fundamentals have been overweighted by Pandemic dynamics when explaining banking deposits, as consumption constrains and precautionary savings have supported sight deposits since March 2020. Going forward, the absence of a winter COVID wave could pave the way to a normalized behavior of consumption and savings.
Key points
- Key points:
- Sight deposits barely in line with expectations for a month of August
- Downward trend of Term deposits continued
- Higher risk aversion during August supported the growth of Debt Mutual Funds
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Banks
Authors
Iván Martínez Urquijo
BBVA Research - Principal Economist
Mariana Angélica Torán
BBVA Research - Principal Economist
Gerónimo Ugarte Bedwell
BBVA Research
Documents and files
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