Mexico | Monthly Report on Banking and the Financial System. August 2020

Summary

The financial system maintains its stability, five months after the start of the pandemic, supported by the adequate levels of capitalization and liquidity of the banking system, as well as the special regulatory measures adopted by the financial authorities.

Key points

• Key points:
• Credit and bank deposits began to slow their growth in August
• Dollar weakness and risk appetite boost after Jackson Hole meeting
• Slowdown in house prices in the first half of 2020
• Adjustments to the regulation issued by Banxico in response to the pandemic

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