Mexico's central bank raised its benchmark policy rate by 25 bps to 5.0 percent on November 9th, as expected and marking the fourth consecutive hike. The monetary authority said that despite the shocks that have increased inflation are expected to be transitory, due to their variety, magnitude, and the extended horizon over which they have affected it, they may pose risks to the price formation process and inflation expectations. In order to avoid such risks, it was deemed necessary to reinforce the monetary policy stance by adjusting it to the trajectory required for inflation to converge to its 3% target within the forecast horizon. Still, the monetary authority said that preliminary data for the third-quarter points to a contraction, while Banxico expects that the economy will resume its recovery in the last quarter of 2021. Meantime, consumer inflation data for October showed a hotter-than-expected increase in prices of 6.24 percent, while the core inflation was up by 5.19 percent. source: Banco de México
Interest Rate in Mexico averaged 5.65 percent from 2005 until 2021, 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 December of 2021.
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. In the long-term, the Mexico Interest Rate is projected to trend around 5.25 percent in 2022 and 5.50 percent in 2023, according to our econometric models.