CNBV designates commercial banking institutions of local systemic importance. BIS annual economic report. The origination of mortgage financing from banks fell 18.2% in real terms. Adverse economic effects of the COVID-19 outbreak in the US slows down the recovery of financial markets at the end of July.
Key points
- In May, consumer credit registered its first drop in nominal terms since August 2010
- Bank deposits rose influenced by the impulse of precautionary savings derived from the pandemic
- Adjustments to interest rates in open market operations of Banxico
- Renewal of the corporate debt repos period
- BIS conducts an analysis of the impact of the COVID-19 pandemic on the financial system
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