Mexico Interest Rate 2005-2015 | Data | Chart | Calendar | Forecast

Bank of Mexico left its main overnight interest rate unchanged at 3 percent during the meeting held on April 30th. The decision was widely forecasted as inflation remains closer to the target despite the peso drop against the USD. Policymakers expect the inflation to stay low in the coming months and fell below 3 percent in the end of the year while the growth outlook remains weak. Interest Rate in Mexico averaged 5.65 percent from 2005 until 2014, reaching an all time high of 9.25 percent in October of 2005 and a record low of 3 percent in June of 2014. Interest Rate in Mexico is reported by the Banco de México.

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Mexico Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 9.25 3.00 2005 - 2015 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. Content for - Mexico Interest Rate - was last refreshed on Friday, May 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-29 03:00 PM 3.0% 3.0% 3.0% 3%
2015-03-26 07:00 PM 3.0% 3.0% 3.0% 3%
2015-04-30 07:00 PM 3% 3% 3% 3%
2015-06-04 03:00 PM 3% 3% 3%
2015-07-23 03:00 PM 3%
2015-09-03 03:00 PM 3%


Mexico Leaves Monetary Policy Unchanged


Mexico's central bank left its benchmark interest rate on hold at 3 percent in January as widely expected, saying current policy stance is congruent with inflation target.

Policymakers showed concerns over the peso depreciation and its risks to the inflation rate. Yet, core inflation has not been affected by recent currency weakness, policymakers said.

Consumer prices eased to 3.08 percent in the mid-month to January from 4.08 percent in December. Core infation edged down to 2.43 percent from 3.24 percent. 

The central bank expects the inflation to come back to 3 percent in mid-2015 and to fall below target by the end of the year.

Joana Taborda | joana.taborda@tradingeconomics.com
1/29/2015 7:31:27 PM


Recent Releases

Mexico Keeps Interest Rate Unchanged at 3%
Bank of Mexico held its benchmark interest rate at record low of 3 percent on December 12th despite a weak growth outlook. Published on 2014-12-05

Mexico Leaves Monetary Policy Unchanged
The Central Bank of Mexico decided to hold the benchmark interest rate at 3 percent on October 31st, as no inflationary pressures are anticipated. Published on 2014-10-31


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 9.25 3.00 percent [+]
Interbank Rate 3.30 3.30 89.48 3.29 percent [+]
Money Supply M0 1046382.40 1064273.50 1064273.50 2741.00 MXN Million [+]
Money Supply M1 2886364740.00 2871452031.00 2889446545.00 3093600.00 MXN Thousand [+]
Money Supply M2 10677765502.00 10702605847.00 10711690127.00 15370409.00 MXN Thousand [+]
Money Supply M3 13110283480.00 13203761671.00 13240561822.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 3002655919.00 2978911936.00 3002655919.00 4200.00 MXN THO [+]
Loans to Private Sector 1496851431.00 1467193153.00 1496851431.00 309796117.00 MXN Thousand [+]
Banks Balance Sheet 4620237.00 4500208.00 4620237.00 1171622.00 MXN Million [+]
Central Bank Balance Sheet 3420379106.00 3294253140.00 3420379106.00 9740027.00 MXN Thousand [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 May/15 2.25 17.50 2.00 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 May/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 10.98 5.10 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]