Domestic Savings at Midyear

MEXICO - Report 19 Aug 2014 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary Domestic financial savings in Mexico began to recover in the second quarter of 2014 as the public deposited funds with their banks at a greater rate than in either 2013 or the first quarter of 2014. That increase in deposits was achieved despite the fact that real term interest on such savings is negative not only in the case of deposits that are payable on demand, which have been paying negative yields for quite some time, but also for term accounts and those that pay interest linked to 28-day treasury bills (28d Cetes). The erosion of real term savings rates has come, in...

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