Mexico's central bank cut its benchmark interest rate for the ninth straight meeting on June 25th, 2020, lowering it 50 basis points to 5.0% as expected by the market, bringing borrowing costs to its lowest since November of 2016. Policymakers underscored the large impact on the productive activity as well as the evolution of the financial shock from the coronavirus pandemic but noted the headline inflation for the end of 2020 is still at levels close to the target.
Interest Rate in Mexico averaged 5.76 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 July of 2020. source: Banco de México
Interest Rate in Mexico is expected to be 5.00 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 3.50 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.