I would like to thank the organizers of this conference for the invitation to speak to you about some of the current challenges and opportunities faced by the Mexican economy. I would like to focus my comments today on how financial intermediation in the country could develop further, thus enhancing economic potential.
To this end, I will begin by reviewing the main features of Mexico’s banking system, in order to identify likely channels of improvement; then, I will examine how these possibilities are addressed by the recently approved financial reform; and finally, I will discuss Mexico’s economic outlook with an emphasis on inflation and monetary policy.