Mexico Interest Rate  2005-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Mexico held its benchmark interest rate steady at 7.75% at its October 2018 meeting, as widely expected. Policymakers said the decision considered the recent behavior of the economy and the recent shocks that affected the inflation rate. The Committee added that despite the the trade agreement with the US and Canada, the Mexican economy is still experiencing a complex outlook mostly due to external financial conditions. Policymakers noted a rise in the annual inflation rate since June mainly due to higher cost of fuels, increasing the forecasts to 4.5 percent from 4.25 percent at the end of the year and from 3.6 percent to 3.7 percent in 2019. Also, medium and long term inflation expectations remained around 3.5 percent. Interest Rate in Mexico averaged 5.53 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.

Mexico Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-21 06:00 PM Interest Rate Decision 7.75% 7.5% 7.75% 7.75%
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%
2018-10-18 03:00 PM Monetary Policy Meeting Minutes
2018-11-15 07:00 PM Interest Rate Decision 7.75% 7.75%
2018-11-28 06:30 PM Banxico Inflation Report


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 7.75 7.75 9.25 3.00 percent [+]
Interbank Rate 8.11 8.11 89.48 3.29 percent [+]
Money Supply M0 1509265.40 1520063.70 1545934.30 2741.00 MXN Million [+]
Money Supply M1 4197105329.00 4173694309.00 4285168439.00 3093600.00 MXN Thousand [+]
Money Supply M2 8493630725.00 8427183655.00 13678464655.00 15370409.00 MXN Thousand [+]
Money Supply M3 9725309171.00 9638301786.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 176502.00 176620.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 7605954.35 7652970.57 7819398.22 1171622.00 MXN Million [+]
Loans to Private Sector 2352487758.00 2301790660.00 2352487758.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 2.70 1.29 94.96 0.59 percent [+]
Central Bank Balance Sheet 3668625207.00 3681397176.00 3881189549.00 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 October of 2018.

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




interest rate by Country
Country Last
Argentina 72.41 Oct/18
Turkey 24.00 Sep/18
Mexico 7.75 Oct/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Oct/18
South Africa 6.50 Sep/18
Indonesia 5.75 Sep/18
China 4.35 Sep/18
Saudi Arabia 2.75 Sep/18
United States 2.25 Sep/18
Australia 1.50 Oct/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18


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