The Central Bank of Mexico held its overnight interbank interest rate at a decade high of 8.25 percent during its May meeting, saying inflation expectations for the long term remained unchanged. One member of the board voted for a 25-bps cut. The annual inflation rate in Mexico decreased to 4.28 percent in May 2019 from 4.41 percent in April and below market consensus of 4.36 percent. Policymakers also noted that the balance of risks for growth has become more uncertain and remains biased to the downside. Interest Rate in Mexico averaged 5.68 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 8.25 in 12 months time. In the long-term, the Mexico Interest Rate is projected to trend around 8.50 percent in 2020, according to our econometric models.

Mexico Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-07 07:00 PM Interest Rate Decision 8.25% 8.25% 8.25% 8.25%
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 8.25% 8.25%
2019-08-28 06:30 PM Banxico Inflation Report
2019-08-29 03:00 PM Monetary Policy Meeting Minutes


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 8.25 8.25 9.25 3.00 percent [+]
Interbank Rate 8.51 8.51 89.48 3.29 percent [+]
Money Supply M0 1574601.50 1574536.20 1674210.80 2741.00 MXN Million [+]
Money Supply M1 4357296942.00 4309303983.00 4509802755.00 3093600.00 MXN Thousand [+]
Money Supply M2 8796264492.00 8718361333.00 13678464655.00 15370409.00 MXN Thousand [+]
Money Supply M3 10144374390.00 10043962413.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 185417.00 184661.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 8206842.38 8082934.54 8206842.38 1171622.00 MXN Million [+]
Loans to Private Sector 2735210377.00 2700538928.00 2735210377.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 3.70 3.72 126.02 0.55 percent [+]
Central Bank Balance Sheet 3655345333.00 3932714612.00 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 July of 2019.

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




Country Last Previous
Argentina 58.72 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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