The program of estimates that is approved in the United States has messages for Mexico, says Alejandro Díaz de León: it is very positive that we will have more crimes; through our exports and sales. The second message is an advertisement: “we will strengthen the macroeconomic stability market of our country”, the governor of the Bank of Mexico explains: “There is no clarity as to what will happen in the markets. Although the recovery in the United States is faster, there is pressure on the interest groups in the rest of the world and also pressure on the exchange rates in the months of emerging countries. of Estados Unidos. If inflationary pressures materialize and the time is slow to recover. It is a program that values 9% of GDP, in an economy that is projected to create more than 5%, before announcing the estimates ”.
El gobernador del banco central conversation with El Economista in the final of the 84 Bancaria Convention. “It has a very solid banking system with a capitalization index that is above 17% and an inferior morbidity index of 3 per cent. One of the retired mayors is detonating the credit facility. The behavior is not very different from what we observed in other countries. In general there is a minor trust in hogares and companies to endeavor. It is logical that in many cases the confidence in soliciting a credit should be reduced, even if it is a logical interruption with respect to its entrants. It is possible to return to the medium in which the expectations of economic crime are materialized, our estimates are 4.8% for 2021 and 3.3% for 2022 ”.
Alejandro Díaz de León Carrillo offers a vision of the Mexican economy in the area of metrics: “22% of economic activity corresponds to activities in sectors that are at the level of the tandy antennas. We already have an average of 56% that are in moderate contraction levels, from 0 to 5 per cent. The remaining 22% have a significant contraction, mayor in 5 per cent. It means that we already have 78% of the economic activity that could be subject to credit and could benefit from interest rates that he had in a significant way. merits ”.
If the reto is the recovery, what can the central bank do and what does it do to other institutions?
This year illustrated what the Bank of Mexico could do. Get your credit card required, including facilities for credit. The target price of the Bank of Mexico will be from August 2019 until the close of 8.25 to 4 per cent. The financial support programs announced by the Central Bank in the first quarter of 2020 were worth 800,000 million euros, and the total amount allocated was 474,000 million euros. What the central bank proves to be liquidity and financing, but the correspondent does not have facilities to absorb losses. We also have the guarantee programs that normally correspond to the development bank. It is a complement in times of volatility or incoherence.
Intermediaries have their renown to perform
The central banker has an evaluation of the results of this program: “This type of facility is not very different from what is done in other countries. In principle, the assigned amount is not the only way to evaluate the success of the program. The sole right to announce the media changes the behavior of the financial intermediaries. Intermediaries have the most renown to perform in the presence of these mediators. We believe that he served and on the other hand the Junta de Gobierno agreed to extend the last finals of September, although it will have a gradual reduction here in September ”.
Each year, in the context of the Banking Convention, one of the major themes is financial inclusion. In Mexico 32% of the population between 18 and 70 years have no access to any financial product; 53% of adults do not have a bank account.
“It has become clear to us this day that the use of technologies is not just an opportunity to favor inclusion: Convert to an imperative, to a public policy obligation. In 2020, it became clear that Mexicans were gaining access to mediocre remedies to reduce malnutrition in their activities, including minor minorities. It does not require this facility or its costly debit asumir mayor riesgo al ir a la sucursal bancaria ”, specified
What happened to the digital cobro platform, CoDi?
In the last few years, there has been a great deal of attention paid to CoDi, by being the ultimate in our development strategy for a remote payment system. Although there are millions of telephone calls that will be made in 2020, the enrollment will be affected by the pandemic. In this context, I would like to underline what I agree with the SPEI, which is the vertebral column of our effort in this matter. Last year, a volume of 885 million minor operations was recorded at 8,000 pesos and the volume of these operations increased by 90 per cent. We will continue to strengthen these platforms. To be able to access the remote media ”.
The behavior is not very different from what we observed in other countries. In general there is a minor trust in hogares and companies to endeavor. It is logical that in many cases the confidence in soliciting a credit should be reduced, even if it is a logical interruption with respect to its entrants.