Mexico Interest Rate  2005-2016 | Data | Chart | Calendar | Forecast

The central bank of Mexico left its benchmark interest rate on hold at 3.75 percent on March 18th, 2016, saying inflation risks remain balanced while the peso strengthened. Last month, policymakers raised borrowing cost by 50bps in an unusual policy meeting and intervened directly in the forex market by selling USD as part of an aggressive new program in a major policy shift to support the peso. Interest Rate in Mexico averaged 5.36 percent from 2005 until 2016, reaching an all time high of 9.25 percent in October of 2005 and a record low of 3 percent in June of 2013. Interest Rate in Mexico is reported by the Banco de México.

Mexico Interest Rate
Receive the next reported value for Mexico Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.75 9.25 3.00 2005 - 2016 percent Daily
In Mexico, interest rate decisions are taken by the Bank of Mexico (Banco de México). Starting January of 2008, Banco de México has adopted as an operating target the overnight interbank rate (tasa de fondeo bancario) instead of the level of commercial banks’ current account balances at the central bank (corto). This page provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-04 07:00 PM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-02-17 05:00 PM Interest Rate Decision 3.75% 3.25%
2016-03-18 07:00 PM Interest Rate Decision 3.75% 3.75% 3.75% 3.75%
2016-05-05 06:00 PM Interest Rate Decison 3.75% 3.75% 3.75%
2016-05-19 02:00 PM Monetary Policy Meeting Minutes
2016-06-30 06:00 PM Interest Rate Decision 3.75%

Mexico Raises Key Rate to 3.75%


The central bank of Mexico hiked the overnight lending rate target by a half percentage point to 3.75 percent, during an unusual policy meeting held on February 17th. The bank also intervened directly in the forex market by selling USD as part of an aggressive new program in a major policy shift to support the peso, which plunged to fresh lows in recent weeks.

Extracts From Central Bank Statement

Since the last monetary policy meeting, the volatility in financial markets worldwide has increased and the external environment facing the Mexican economy continued to deteriorate. In this period, the price of oil has continued to fall, which has affected public finances and the current account, among other macroeconomic variables. This has had a negative impact on the peso, thereby increasing the likelihood that inflation expectations are not in line with the 3 percent target.

This action does not start a monetary tightening cycle. However, looking forward, the Board will closely monitor the evolution of all the determinants of inflation and inflation expectations for a medium- and long-term, especially in the exchange rate and its possible implications to consumer prices.

All members of the Governing Board voted in favor of the hike.

Anna | anna@tradingeconomics.com
2/17/2016 7:44:12 PM

Mexico Money Last Previous Highest Lowest Unit
Interest Rate 3.75 3.75 9.25 3.00 percent [+]
Interbank Rate 4.06 4.06 89.48 3.29 percent [+]
Money Supply M0 1214341.70 1190669.30 1241685.40 2741.00 MXN Million [+]
Money Supply M1 3304441834.00 3275106953.00 3351870757.00 3093600.00 MXN Thousand [+]
Money Supply M2 11501765752.00 11444126907.00 11501765752.00 15370409.00 MXN Thousand [+]
Money Supply M3 13909203579.00 13865513647.00 13909627409.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 178408.80 176321.40 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 5046603.00 4988663.00 5046603.00 1171622.00 MXN Million [+]
Loans to Private Sector 1728009811.00 1746446765.00 1746446765.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 0.84 1.33 94.96 0.84 percent [+]
Central Bank Balance Sheet 3588404397.00 3788490052.00 3788490052.00 9740027.00 MXN Thousand [+]




Last
Argentina 35.43 Mar/16
Malawi 27.00 Apr/16
Ghana 26.00 Mar/16
Gambia 23.00 Mar/16
Belarus 22.00 Apr/16
Iran 21.00 May/15
Haiti 20.00 Mar/16
Venezuela 19.54 Feb/16
Ukraine 19.00 Apr/16
Kazakhstan 17.00 Mar/16
Uganda 16.00 Apr/16
Zambia 15.50 Mar/16
Afghanistan 15.00 Mar/16
Moldova 15.00 Apr/16
Yemen 15.00 Mar/16
Brazil 14.25 Apr/16
Angola 14.00 Mar/16
Liberia 13.67 Dec/15
Burundi 13.35 Nov/15
Mozambique 12.75 Apr/16
Djibouti 12.70 Dec/14
Seychelles 12.38 Feb/16
Suriname 12.28 Dec/14
Mongolia 12.00 Mar/16
Nigeria 12.00 Mar/16
Tanzania 12.00 Mar/16
Zimbabwe 11.99 Dec/15
Sudan 11.70 Sep/15
Kenya 11.50 Mar/16
Guinea 11.00 Oct/15
Russia 11.00 Apr/16
Egypt 10.75 Apr/16
Lebanon 10.00 Mar/16
Myanmar 10.00 Mar/16
Sao Tome and Principe 10.00 Apr/16
Sierra Leone 9.50 Mar/16
Uruguay 9.25 Mar/16
Mauritania 9.00 Mar/16
Tajikistan 9.00 Mar/16
Uzbekistan 9.00 Mar/16
Ecuador 8.86 Mar/16
Madagascar 8.70 Feb/16
Armenia 8.25 Mar/16
Kyrgyzstan 8.00 Apr/16
Cape Verde 7.50 Dec/15
Georgia 7.50 Apr/16
Turkey 7.50 Apr/16
Azerbaijan 7.00 Mar/16
Colombia 7.00 Apr/16
Maldives 7.00 Mar/16
Namibia 7.00 Apr/16
Nepal 7.00 Mar/16
South Africa 7.00 Mar/16
Bangladesh 6.75 Mar/16
Indonesia 6.75 Apr/16
India 6.50 Apr/16
Rwanda 6.50 Mar/16
Sri Lanka 6.50 Apr/16
Swaziland 6.50 Apr/16
Vietnam 6.50 Mar/16
Lesotho 6.49 Dec/15
Honduras 6.25 Mar/16
Papua New Guinea 6.25 Mar/16
Bhutan 6.00 Mar/16
Botswana 6.00 Apr/16
Iraq 6.00 Mar/16
Pakistan 6.00 Apr/16
Paraguay 6.00 Apr/16
Iceland 5.75 Apr/16
Brunei 5.50 Mar/16
Bosnia and Herzegovina 5.25 Feb/16
Jamaica 5.25 Mar/16
Dominican Republic 5.00 Mar/16
Ethiopia 5.00 Mar/16
Guyana 5.00 Mar/16
Trinidad and Tobago 4.75 Mar/16
Bahamas 4.50 Mar/16
Laos 4.50 Apr/16
Qatar 4.50 Mar/16
Mauritius 4.40 Mar/16
China 4.35 Apr/16
Peru 4.25 Apr/16
Serbia 4.25 Apr/16
Tunisia 4.25 Apr/16
El Salvador 4.24 Feb/16
Algeria 4.00 Mar/16
Philippines 4.00 Mar/16
Jordan 3.75 Mar/16
Mexico 3.75 Mar/16
Benin 3.50 Mar/16
Burkina Faso 3.50 Mar/16
Chile 3.50 Apr/16
Guinea Bissau 3.50 Mar/16
Ivory Coast 3.50 Mar/16
Mali 3.50 Mar/16
Niger 3.50 Mar/16
Senegal 3.50 Mar/16
Togo 3.50 Mar/16
Barbados 3.31 Mar/16
Macedonia 3.25 Jan/16
Malaysia 3.25 Mar/16
Guatemala 3.00 Mar/16
Libya 3.00 Feb/16
Belize 2.50 Feb/16
Croatia 2.50 Feb/16
Cameroon 2.45 Mar/16
Central African Republic 2.45 Mar/16
Chad 2.45 Mar/16
Equatorial Guinea 2.45 Mar/16
Gabon 2.45 Mar/16
Republic of the Congo 2.45 Mar/16
Cuba 2.25 Mar/16
Kuwait 2.25 Mar/16
Morocco 2.25 Mar/16
New Zealand 2.25 Apr/16
Congo 2.00 Mar/16
Saudi Arabia 2.00 Mar/16
Australia 1.75 May/16
Costa Rica 1.75 Mar/16
Romania 1.75 Mar/16
Bolivia 1.73 Feb/16
Poland 1.50 Apr/16
South Korea 1.50 Apr/16
Taiwan 1.50 Mar/16
Thailand 1.50 Mar/16
Cambodia 1.42 Feb/16
Comoros 1.36 Mar/16
Albania 1.25 May/16
United Arab Emirates 1.25 Mar/16
Hungary 1.05 Apr/16
Oman 1.00 Mar/16
Bahrain 0.75 Apr/16
Hong Kong 0.75 Mar/16
Macau 0.75 Mar/16
Canada 0.50 Apr/16
Fiji 0.50 Mar/16
Norway 0.50 Mar/16
United Kingdom 0.50 Apr/16
United States 0.50 Apr/16
Panama 0.44 Feb/16
New Caledonia 0.30 Mar/16
Singapore 0.13 Mar/16
Israel 0.10 Apr/16
Czech Republic 0.05 Mar/16
Austria 0.00 Apr/16
Belgium 0.00 Apr/16
Bulgaria 0.00 May/16
Cyprus 0.00 Apr/16
Estonia 0.00 Apr/16
Euro Area 0.00 Apr/16
Finland 0.00 Apr/16
France 0.00 Apr/16
Germany 0.00 Apr/16
Greece 0.00 Apr/16
Ireland 0.00 Apr/16
Italy 0.00 Apr/16
Latvia 0.00 Apr/16
Lithuania 0.00 Apr/16
Luxembourg 0.00 Apr/16
Malta 0.00 Apr/16
Netherlands 0.00 Apr/16
Portugal 0.00 Apr/16
Slovakia 0.00 Apr/16
Slovenia 0.00 Apr/16
Spain 0.00 Apr/16
Japan -0.10 Apr/16
Sweden -0.50 Apr/16
Denmark -0.65 Feb/16
Switzerland -0.75 Mar/16