The Central Bank of Mexico lowered its overnight interbank interest rate by 25bps to 8 percent during its August meeting, the first rate cut since June 2014, saying the balance of risks for growth remains biased to the downside while inflation expectations are relatively stable. Policymakers voiced concerns about the escalation of trade disputes, a disorderly Brexit, and the worsening of political and geopolitical risks. One member of the board voted to keep rates at 8.25 percent. Interest Rate in Mexico averaged 5.70 percent from 2005 until 2019, 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 expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mexico to stand at 7.50 in 12 months time. In the long-term, the Mexico Interest Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.

Mexico Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 07:00 PM Interest Rate Decision 8.25% 8.25% 8.25% 8.25%
2019-05-16 06:00 PM Interest Rate Decision 8.25% 8.25% 8.25% 8.25%
2019-06-27 06:00 PM Interest Rate Decision 8.25% 8.25% 8.25% 8.25%
2019-08-15 06:00 PM Interest Rate Decision 8% 8.25% 8.25% 8.25%
2019-09-26 06:00 PM Interest Rate Decision 8.0% 8.0%
2019-10-10 03:00 PM Monetary Policy Meeting Minutes
2019-11-14 07:00 PM Interest Rate Decision 8.0%


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 8.00 8.25 9.25 3.00 percent [+]
Interbank Rate 8.37 8.48 89.48 3.29 percent [+]
Money Supply M0 1569316.40 1561175.80 1674210.80 2741.00 MXN Million [+]
Money Supply M1 4344961189.00 4373709431.00 4509802755.00 3093600.00 MXN Thousand [+]
Money Supply M2 8967387851.00 8938303088.00 10147459591.00 15370409.00 MXN Thousand [+]
Money Supply M3 10348149338.00 10327755252.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 187954.00 186209.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 8070168.20 8211174.95 8211174.95 1171622.00 MXN Million [+]
Loans to Private Sector 2725278122.00 2743547738.00 2743547738.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 3.73 3.73 126.02 0.55 percent [+]
Central Bank Balance Sheet 3968463440.00 3669832639.00 4055541139.00 9740027.00 MXN Thousand [+]


Mexico Interest Rate

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 Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.25 9.25 3.00 2005 - 2019 percent Daily




Country Last Previous
Argentina 83.46 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 6.00 Aug/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19


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