The Central Bank of Mexico kept its benchmark interest rate at a 10-year high of 8.25 percent on 28 March 2019, as widely expected. The decision was unanimous. Policymakers noted that global growth prospects have deteriorated and that domestic prices declined recently, favored by non-core transitory factors. They also underscored that monetary policy will be particularly vigilant of the MXN in case global volatility persists. The annual inflation rate in Mexico declined to 3.94 percent in February 2019 from 4.37 percent in the prior month, matching market expectations. It is the lowest inflation rate since December 2016. Interest Rate in Mexico averaged 5.60 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
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% 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 07:00 PM Interest Rate Decision 8.25% 8.25%
2019-05-29 06:30 PM Banxico Inflation Report
2019-05-30 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 8.52 8.56 89.48 3.29 percent [+]
Money Supply M0 1561115.50 1579046.10 1674210.80 2741.00 MXN Million [+]
Money Supply M1 4327477109.00 4342567377.00 4509802755.00 3093600.00 MXN Thousand [+]
Money Supply M2 8718652258.00 8713712561.00 13678464655.00 15370409.00 MXN Thousand [+]
Money Supply M3 10000510100.00 10091749394.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 181007.00 180350.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 7908304.02 7752265.50 7908304.02 1171622.00 MXN Million [+]
Loans to Private Sector 2632091937.00 2608184342.00 2632091937.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 2.70 1.29 94.96 0.59 percent [+]
Central Bank Balance Sheet 3631894847.00 3647206937.00 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 April 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 67.12 Apr/19
Turkey 24.00 Mar/19
Mexico 8.25 Mar/19
Russia 7.75 Mar/19
South Africa 6.75 Mar/19
Brazil 6.50 Mar/19
India 6.00 Apr/19
Indonesia 6.00 Mar/19
China 4.35 Mar/19
Saudi Arabia 3.00 Mar/19
United States 2.50 Mar/19
Singapore 2.24 Mar/19
Canada 1.75 Mar/19
South Korea 1.75 Apr/19
Australia 1.50 Apr/19
United Kingdom 0.75 Mar/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Mar/19
Switzerland -0.75 Mar/19


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