Mexico Interest Rate

The benchmark interest rate in Mexico was last recorded at 3 percent. Interest Rate in Mexico averaged 5.76 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.


Mexico Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 9.25 3.00 2005 - 2014 Percent Monthly
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 Leaves Monetary Policy Unchanged

At its July 11th, 2014 meeting, Central Bank of Mexico left the benchmark interest rate on hold at 3 percent, following last month’s cut, as no inflationary pressures are expected.

At its June meeting, the central bank cut the overnight interest rate 50 bps to a record low of 3 percent to boost the economy.

Recent figures suggest the GDP growth will accelerate in the second quarter of 2014, driven by higher exports, while domestic demand remains subdued, the central bank said at its July meeting. But the slack in the economy will probably last until the end of 2015 and policymakers see no inflationary pressures arising from the aggregate demand in the horizon over which monetary policy operates.

Joana Taborda |
7/11/2014 3:42:08 PM

Recent Releases

Mexico Cuts Overnight Rate to Record Low of 3%
At its June 6th, 2014 meeting, Central Bank of Mexico slashed its overnight interest rate by 50 bps to a record low of 3 percent to boost the economy that has failed to recover this year. Published on 2014-06-06

Central Bank of Mexico Keeps Rates at Record Low
At its April 25th meeting, Mexico's central bank left the benchmark interest rate unchanged at 3.5 percent, for the fifth consecutive month, citing that monetary policy was consistent with the efficient convergence of inflation to the 3 percent target. Published on 2014-04-25

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-03-21 03:00 PM Mexico
Interest Rate Decision
3.5% 3.5% 3.5% 3.5%
2014-04-25 03:00 PM Mexico
Interest Rate Decision
3.5% 3.5% 3.5% 3.5%
2014-06-06 03:00 PM Mexico
Interest Rate Decision
3.0% 3.5% 3.5% 3.5%
2014-07-11 03:00 PM Mexico
Interest Rate Decision
3.0% 3.0% 3.0% 3%
2014-09-05 03:00 PM Mexico
Interest Rate Decision
3.0% 3.5%

Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 9.25 3.00 Percent [+]
Interbank Rate 3.43 3.80 89.48 3.43 Percent [+]
Money Supply M0 875844.90 875565.60 917875.80 2741.00 MXN Million [+]
Money Supply M1 2492004246.00 2463930121.00 2513019332.00 3093600.00 MXN THO [+]
Money Supply M2 9945307980.00 9840479758.00 9945307980.00 15370409.00 MXN THO [+]
Money Supply M3 12141155059.00 11931254518.00 12141155059.00 15483730.00 MXN THO [+]
Foreign Exchange Reserves 2468860461.00 2421263401.00 2468860461.00 4200.00 MXN THO [+]
Loans to Private Sector 2765830552.00 2714954792.00 2765830552.00 609090512.00 MXN THO [+]

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