Mexico's central bank cut its benchmark interest rate for the eleventh straight meeting on September 26th, 2020, lowering it 25 basis points to 4.25% and bringing borrowing costs to its lowest since August of 2016. Economic activity in Mexico began to recover in June and July, although an environment of uncertainty and downside risks prevails. Annual inflation rose to 4.05% in August from 3.62% in July due to higher energy prices, while it remained stable at levels above the goal of 3%.
Interest Rate in Mexico averaged 5.74 percent from 2005 until 2020, reaching an all time high of 9.25 percent in October of 2005 and a record low of 3 percent in June of 2014. This page provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Banco de México
Interest Rate in Mexico is expected to be 4.00 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 4.25 in 12 months time. In the long-term, the Mexico Interest Rate is projected to trend around 4.75 percent in 2021 and 5.50 percent in 2022, according to our econometric models.