In 2022, the Mexican economy will continue its recovery process
explained by the dynamism of the North American economy (our
main trading partner). Also, it is likely that the recovery
of private spending is maintained, but at a moderate rate. The above
would contribute to Mexico’s GDP reaching a growth of 2.2%. fits
recognize that said growth estimate is below
the forecasts of 3% of the Bank of Mexico and of 4.1% of the Secretariat
Treasury and Public Credit. Also, it is worth mentioning that despite
our growth forecast, the level of Mexico’s GDP continues
would remain below the levels reached before the economic recession
generated by COVID-19.

InflationSource: INEGI – Dic/2021: 7.36% Sign up for HLB insights newsletters Email Address* By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, … Read More

Mexican economy continued to be immersed in an economic and financial environment affected by the evolution of the pandemic and new variants of the virus. Although this has affected the conditions in which the Mexican financial system operates, it remains in a solid and resilient position, with banks’ capital and liquidity levels comfortably meeting regulatory minima. The outlook for the Mexican economy indicates that the reactivation of economic activity that took place during 2021 will continue through 2022, although at a more moderate pace, and it cannot be ruled out thatsome degree of uncertainty and heterogeneity in the performance across sectors will remain. Meanwhile, a commensurate recovery in lending has yet to be observed. Global economic activity continued to recover during the second and third quarters of 2021, albeit at a slower rate and heterogeneously across countries.

Equilibrium Interbank Interest Rates
The Bank of Mexico, based on articles 8o. and 10th. of the Internal Regulations of the Bank of Mexico and in accordance with the procedure established in Chapter IV of Title Three of its Circular 3/2012, informs that the Equilibrium Interbank Interest Rates in national currency (TIIE) for terms of 28 and 91 days obtained today, were 5.7340 and 5.8798 percent, respectively.
The aforementioned Interest Rates were calculated based on the quotes presented by the following multiple banking institutions: BBVA Bancomer S.A., Banco Santander S.A., Banco Inbursa S.A., Banco J.P. Morgan S.A., Banco Azteca S.A., ScotiaBank Inverlat S.A. and Banco Mercantil del Norte S.A.