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 5.76 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 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 Wednesday, October 22, 2014.


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.

The economy accelerated in the second quarter of 2014 mainly driven by exports. Yet, downside risks to growth decreased and the slack in the economy is expected to decline. Thus, policymakers see no inflationary pressures arising from aggregate demand. 

However, the central bank noticed greater risks to inflation in the coming months due to livestock prices. In 2014, the annual inflation rate is expected to remain at around 4 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
9/5/2014 3:48:09 PM


Recent Releases

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. Published on 2014-07-11

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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% 3.0% 3.0% 3%
2014-10-31 03:00 PM Mexico
Interest Rate Decision
3.0% 3%


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 9.25 3.00 Percent [+]
Interbank Rate 3.30 3.43 89.48 3.30 Percent [+]
Money Supply M0 887168.40 875844.90 917875.80 2741.00 MXN Million [+]
Money Supply M1 2507379897.00 2492004246.00 2513019332.00 3093600.00 MXN Thousand [+]
Money Supply M2 10009814988.00 9945307980.00 10009814988.00 15370409.00 MXN Thousand [+]
Money Supply M3 12253858633.00 12141155059.00 12253858633.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 2517331315.00 2468860461.00 2517331315.00 4200.00 MXN THO [+]
Loans to Private Sector 2779286507.00 2765830552.00 2779286507.00 609090512.00 MXN Thousand [+]
Banks Balance Sheet 4125065543.00 4138438936.00 4148770745.00 1171622188.00 MXN Thousand [+]
Central Bank Balance Sheet 2720060084.00 2623960401.00 2720060084.00 9740027.00 MXN Thousand [+]