Mexico | Monthly report on banking and the financial system. August 2024.

Credit to the non-financial private sector accelerated in June (7.5% in real terms) hand in hand with corporate credit. On the deposits side, the increase in demand deposits and the exchange rate depreciation supported the stabilization of traditional deposits.

Key points

• Key points:
• Traditional bank deposits' growth stabilized as increased sight deposits offset the deceleration in term deposits
• Current credit to the non-financial private sector accelerated in June supported by the performance of corporate credit
• Risks and opportunities of the rise of Artificial Intelligence on the financial system: BIS annual economic report
• Idiosyncratic risk and global factors have led the peso to be the worst performer among EM since May

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