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 March 26th as widely forecasted. Expectations of interest rates hike in the United States this year, combined with the sharp drop in the peso against the USD might have justified a rate hike. Yet, domestic economy is still weak and inflation remains very close to the target. 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 - 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 Monday, April 20, 2015.


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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-05 03:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
2015-01-29 07:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
2015-03-26 07:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
2015-04-30 03:00 PM
Interest Rate Decison 
3% 3%
2015-06-04 03:00 PM
Interest Rate Decision 
3%
2015-07-23 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 3.30 3.30 89.48 3.29 percent [+]
Money Supply M0 1064273.50 1025435.10 1064273.50 2741.00 MXN Million [+]
Money Supply M1 2871452031.00 2889446545.00 2889446545.00 3093600.00 MXN Thousand [+]
Money Supply M2 10702605847.00 10711690127.00 10711690127.00 15370409.00 MXN Thousand [+]
Money Supply M3 13203761671.00 13240561822.00 13240561822.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 2978911936.00 2927337765.00 2978911936.00 4200.00 MXN THO [+]
Loans to Private Sector 2922957042.00 2932287234.00 2932287234.00 609090512.00 MXN Thousand [+]
Banks Balance Sheet 4500832.00 4424181.00 4500832.00 1171622.00 MXN Million [+]
Central Bank Balance Sheet 3294253140.00 3135475995.00 3294253140.00 9740027.00 MXN Thousand [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Apr/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 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 Apr/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Apr/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Apr/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Mar/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Apr/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]