Mexico | Traditional deposits slowed down its monthly growth rate in August
Published on Monday, October 12, 2020
Mexico | Traditional deposits slowed down its monthly growth rate in August
Summary
In August, total demand deposits' (Sight deposits + Term deposits) monthly growth rate slowed down further, as a result of another monthly decline in Term deposits and the first monthly drop of Sight deposits from individuals in the last six months.
Key points
- Key points:
- Sight deposits from individuals dropped for the first time in the last six months. Term deposits from individuals continue in free fall
- Unexpected upturn of Sight deposits from firms
- Deposits on Debt Mutual Funds increased marginally on a monthly basis in August. However, on a year-over-year basis the slowdown continues
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Banks
Authors
Luis Antonio Espinosa
Iván Martínez Urquijo
BBVA Research - Principal Economist
Mariana Angélica Torán
BBVA Research - Principal Economist
Documents and files
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