The Central Bank of Mexico raised its benchmark interest rate by 25 bps to a 10-year high of 8.25 percent at its December 2018 meeting, as widely expected. The decision was unanimous and comes a day after the Fed raised the benchmark rate by 25 bps. Policymakers said that action was needed to restore investor confidence, as financial volatility prevails abroad and domestic policy uncertainty has not yet diminished. Also, inflation expectations had increased. The annual inflation rate decreased to 4.72 percent in November 2018 from 4.90 percent in the previous month but remains above target range. Interest Rate in Mexico averaged 5.57 percent from 2005 until 2018, 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 8.25 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
2018-08-02 06:00 PM Interest Rate Decision 7.75% 7.75% 7.75% 7.75%
2018-10-04 06:00 PM Interest Rate Decision 7.75% 7.75% 7.75% 7.75%
2018-11-15 07:00 PM Interest Rate Decision 8% 7.75% 8% 8%
2018-12-20 07:00 PM Interest Rate Decision 8.25% 8% 8.25% 8.25%
2019-02-07 07:00 PM Interest Rate Decision 8.25%
2019-02-21 03:00 PM Monetary Policy Meeting Minutes
2019-02-27 06:30 PM Banxico Inflation Report


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 8.25 7.75 9.25 3.00 percent [+]
Interbank Rate 8.41 8.25 89.48 3.29 percent [+]
Money Supply M0 1674210.80 1566428.30 1674210.80 2741.00 MXN Million [+]
Money Supply M1 4353504428.00 4206924866.00 4353504428.00 3093600.00 MXN Thousand [+]
Money Supply M2 8712594563.00 8538462232.00 13678464655.00 15370409.00 MXN Thousand [+]
Money Supply M3 9929510795.00 9759784051.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 176573.00 176584.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 7637609.38 7605713.23 7819398.22 1171622.00 MXN Million [+]
Loans to Private Sector 2631641491.00 2607226570.00 2631641491.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 2.70 1.29 94.96 0.59 percent [+]
Central Bank Balance Sheet 3851458369.00 4055541139.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.25 7.75 9.25 3.00 2005 - 2018 percent Daily




Country Last Previous
Argentina 57.80 Jan/19
Turkey 24.00 Dec/18
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Dec/18
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18


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