Mexico Interest Rate 2005-2014 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Mexico was last recorded at 3 percent. 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.

      Forecast    
Mexico Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 9.25 3.00 2005 - 2014 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 Saturday, December 20, 2014.


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.

A rate cut would put additional pressure on the currency and drive up inflation expectations. A drop in oil prices has already pushed the peso to a 2-1/2 year low of 14.27 per USD this week. In October, the annual inflation rate was recorded at 4.3 percent, staying above the central bank's 4 percent tolerance ceiling for the fourth consecutive month.

Mexico's economy grew just 0.5 percent quarter-on-quarter in the July-September period as expansion in services and production industries slowed.

Bank of Mexico| anna@tradingeconomics.com
12/5/2014 4:46:16 PM


Recent Releases

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 Holds Key Rate at 3%
At its September 2014 meeting, the Central Bank of Mexico decided to leave the benchmark interest rate unchanged at 3 percent, as widely expected. Published on 2014-09-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-05 03:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
2014-10-31 03:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
2014-12-05 03:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
2015-01-30 03:00 PM
Interest Rate Decision 
3%
2015-03-20 03:00 PM
Interest Rate Decision 
3%
2015-04-24 03:00 PM
Interest Rate Decision 
3%


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 9.25 3.00 percent [+]
Interbank Rate 3.29 3.29 89.48 3.29 percent [+]
Money Supply M0 944939.50 908610.90 944939.50 2741.00 MXN Million [+]
Money Supply M1 2621172831.00 2558367756.00 2621172831.00 3093600.00 MXN Thousand [+]
Money Supply M2 10294622995.00 10179220902.00 10294622995.00 15370409.00 MXN Thousand [+]
Money Supply M3 12621614523.00 12438852972.00 12621614523.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 2678108517.00 2583831470.00 2678108517.00 4200.00 MXN THO [+]
Loans to Private Sector 2848035795.00 2823532144.00 2848035795.00 609090512.00 MXN Thousand [+]
Banks Balance Sheet 4125065543.00 4138438936.00 4148770745.00 1171622188.00 MXN Thousand [+]
Central Bank Balance Sheet 3048585729.00 2844362757.00 3048585729.00 9740027.00 MXN Thousand [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Dec/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland -0.25 Dec/14 0.00 3.50 -0.25 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]