The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 6.50% at its May 7, 2026 meeting, as expected, bringing it to its lowest level since April 2022 and likely marking the end of the easing cycle that began in March 2024. The decision was split, with three board members backing the cut while two favored holding rates unchanged. Banxico cited a contraction in Mexico’s economy during Q1 2026, saying weaker activity has created greater economic slack and reduced demand-driven inflation pressures. Inflation eased between mid-March and April, with headline inflation slowing from 4.63% to 4.45% and core inflation falling from 4.46% to 4.26%. Despite upward revisions to short-term inflation forecasts due to higher non-core prices, the central bank still expects inflation to converge to its 3% target in Q2 2027. Banxico said maintaining the policy rate at the current level will likely be appropriate going forward amid ongoing geopolitical and trade-related uncertainty. source: Banco de México

The benchmark interest rate in Mexico was last recorded at 6.50 percent. Interest Rate in Mexico averaged 6.38 percent from 2005 until 2026, reaching an all time high of 11.25 percent in March of 2023 and a record low of 3.00 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 May of 2026.

The benchmark interest rate in Mexico was last recorded at 6.50 percent. Interest Rate in Mexico is expected to be 6.50 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 6.50 percent in 2027 and 6.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-05 07:00 PM Interest Rate Decision 7% 7% 7% 7.0%
2026-03-26 07:00 PM Interest Rate Decision 6.75% 7% 7% 7.0%
2026-05-07 07:00 PM Interest Rate Decision 6.5% 6.75% 6.5% 6.75%
2026-06-25 07:00 PM Interest Rate Decision 6.5%
2026-08-06 07:00 PM Interest Rate Decision
2026-09-24 07:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 13150025.00 13030160.00 MXN Million Mar 2026
Central Bank Balance Sheet 5106105809.00 5229104833.00 MXN Thousand Apr 2026
Foreign Exchange Reserves 256263.90 254619.80 USD Million Apr 2026
Interbank Rate 7.02 7.24 percent Apr 2026
Interest Rate 6.50 6.75 percent May 2026
Loans to Private Sector 3923059611.00 3846353175.00 MXN Thousand Mar 2026
Money Supply M0 3502979.50 3460046.90 MXN Million Mar 2026
Money Supply M1 8621952634.00 8575377732.00 MXN Thousand Mar 2026
Money Supply M2 16496303600.00 16374206143.00 MXN Thousand Mar 2026
Money Supply M3 19750532847.20 19779992665.50 MXN Thousand Mar 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.75 11.25 3.00 2005 - 2026 percent Daily

News Stream
Banxico Cuts Interest Rate to 6.5%, as Expected
The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 6.50% at its May 7, 2026 meeting, as expected, bringing it to its lowest level since April 2022 and likely marking the end of the easing cycle that began in March 2024. The decision was split, with three board members backing the cut while two favored holding rates unchanged. Banxico cited a contraction in Mexico’s economy during Q1 2026, saying weaker activity has created greater economic slack and reduced demand-driven inflation pressures. Inflation eased between mid-March and April, with headline inflation slowing from 4.63% to 4.45% and core inflation falling from 4.46% to 4.26%. Despite upward revisions to short-term inflation forecasts due to higher non-core prices, the central bank still expects inflation to converge to its 3% target in Q2 2027. Banxico said maintaining the policy rate at the current level will likely be appropriate going forward amid ongoing geopolitical and trade-related uncertainty.
2026-05-07
Banxico Unexpectedly Cuts Rates
The Bank of Mexico reduced its benchmark interest rate by 25 basis points to 6.75% in its March 26, 2026 meeting, unexpectedly resuming the easing cycle. This reduction follows the brief pause in rate cuts that occurred in February after the sequence of easing began in March last year. Mexico’s economic activity showed marked weakness in early 2026 after expanding in the previous quarter, and the Board warned that downside risks from trade tensions and global uncertainty continue to imply risks to the outlook. The decision to cut was taken by a majority of the Board, which judged a reduction appropriate given the current inflation panorama, the weakness in economic activity, and the degree of monetary restriction implemented. Headline inflation rose to 4.63% in mid-March from 3.77% in January, while core inflation remained practically unchanged at 4.46%, remaining above 4%. Despite these near-term pressures, Banxico still projects inflation will converge to its 3% target in Q2 2027.
2026-03-26
Banxico Holds Rate at 7%
The Bank of Mexico left its benchmark interest rate unchanged at 7.00% in its February 5, 2026 meeting, pausing the easing cycle and keeping the rate at its lowest level since May 2022. This pause ends the recent sequence of rate reductions that began in March last year. Mexico’s economic activity expanded in Q4 2025 after the contraction recorded in Q3, although the Board warned that downside risks from trade tensions and global uncertainty persist. The decision to hold was taken unanimously by the Board, which judged a pause appropriate given the current inflation outlook and the need to assess the impact of policy changes. Headline inflation eased slightly to 3.77% in mid-January from 3.80% in November, while core inflation rose to 4.47% (from 4.43%), remaining stubbornly above 4%. Despite these near-term pressures, Banxico now projects inflation will converge to its 3% target in the second quarter of 2027.
2026-02-05