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Moody’s Says Mexico’s Rate Hike Credit Positive for Banks

MEXICO
  • Mexico’s fourth rate hike this year is credit positive for the country’s banks, Moody’s analysts wrote in a note.
    • “Tighter monetary policy will benefit banks’ profitability because their large pool of low-cost deposits will keep funding costs low as commercial loans reprice in line with the benchmark rate, benefitting net interest margins,” they wrote.
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  • Mexico’s fourth rate hike this year is credit positive for the country’s banks, Moody’s analysts wrote in a note.
    • “Tighter monetary policy will benefit banks’ profitability because their large pool of low-cost deposits will keep funding costs low as commercial loans reprice in line with the benchmark rate, benefitting net interest margins,” they wrote.