Central Banking

Banxico deputy wants 'prudent' deepening of credit markets

Sanchez: Banks should curb excessive risk-taking for prudent growth

Mexico City

Bank penetration in Mexico, as measured by the ratio of private-sector credit to GDP, continues to be low compared with other nations at an equivalent stage of economic development, Bank of Mexico deputy governor Manuel Sánchez said at a BNP Paribas conference in Mexico City yesterday.

Despite a "notable" increase in branches, ATMs and point-of-sale terminals during the past couple of decades, the number of savings accounts and delivery channels per person remain low, Sánchez said – a reflection

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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