Mexico's central bank cut its benchmark interest rate by 25 bps to 4.00 percent on 11 February 2021, matching market expectations. The bank slashed borrowing costs after two consecutive holds to resume an easing cycle of nearly 1-1/2 years, as inflation data confirmed that the trajectory of inflation converges to the target. Policymakers underscored exchange rate stability and slightly better-than-expected domestic activity. Since the October meeting, inflation declined from 4.09% to 3.54%, with core inflation also trending lower. Policymakers added will take the necessary actions in order for the policy rate to be consistent with the orderly and sustained convergence of headline inflation to the target. The decision was unanimous. source: Banco de México
Interest Rate in Mexico averaged 5.71 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 March of 2021.
Interest Rate in Mexico is expected to be 4.00 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 4.00 in 12 months time. In the long-term, the Mexico Interest Rate is projected to trend around 5.50 percent in 2022, according to our econometric models.