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.

   
  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 Monday, November 24, 2014.


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.

Although inflation reached 4.22 percent in September, remaining above the central bank’s target of 3 percent plus one-point tolerance range for the third straight month due to high food prices, policymakers expect it to slow in the beginning of 2015. Yet, annual core inflation rate is still around 3 percent.

The central bank expects a moderate GDP expansion in the third quarter of 2014, with external demand giving the highest contribution. 

Banco de Mexico | Ricardo Martins | ricardo.martins@tradingeconomics.com
10/31/2014 3:59:25 PM


Recent Releases

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

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-07-11 03:00 PM
Interest Rate Decision 
3.0% 3.0% 3.0% 3%
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%


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 908610.90 883141.10 917875.80 2741.00 MXN Million [+]
Money Supply M1 2558367756.00 2547470747.00 2558367756.00 3093600.00 MXN Thousand [+]
Money Supply M2 10179220902.00 10146334295.00 10179220902.00 15370409.00 MXN Thousand [+]
Money Supply M3 12438852972.00 12418611032.00 12438852972.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 2583831470.00 2560104468.00 2583831470.00 4200.00 MXN THO [+]
Loans to Private Sector 2823532144.00 2813110290.00 2823532144.00 609090512.00 MXN Thousand [+]
Banks Balance Sheet 4125065543.00 4138438936.00 4148770745.00 1171622188.00 MXN Thousand [+]
Central Bank Balance Sheet 2844362757.00 2754012323.00 2844362757.00 9740027.00 MXN Thousand [+]