Mexico's Ministry of Finance and Public Credit issued a communiqué on the Financial System Stability Council’s 59th ordinary session, updating its balance of risks and concluding that Mexico’s financial system remains solid and resilient. The council assessed the system as having adequate capacity to withstand adverse scenarios, supported by commercial banks’ capital and liquidity levels that comfortably meet minimum regulatory requirements. The review pointed to elevated global uncertainty linked to trade and geopolitical tensions, softer growth prospects and recurring episodes of financial market volatility, alongside uncertainty about the global monetary policy path. It noted that the United States Federal Reserve kept its policy rate unchanged in January and March at 4.25 to 4.5 percent while projecting rate cuts could resume and extend through 2027 at a moderate pace, and estimated that global financial conditions tightened during the first quarter. In Mexico, local markets were described as relatively more stable than international markets, with the peso down by around 1 percent against the US dollar since the previous session and government bond yields declining across maturities; the council also flagged downside risks to domestic activity and reported that some non-bank intermediaries show vulnerabilities individually but not at a systemic level. Foreign sector exposure to peso-denominated assets has increased in 2025 across asset classes but remains below end-2023 levels, with risks assessed as contained. The council reviewed its fifteenth Annual Report on the state of financial stability and its activities, approved it for publication in the near term, and reiterated it will continue monitoring the system and take actions within its mandates if needed.

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