Mexico Interest Rate  2005-2017 | Data | Chart | Calendar | Forecast

Mexico’s central bank unanimously voted in favor of leaving the benchmark interest unchanged at 7.0 percent in its November 9th of 2017 meeting, matching consensus expectations. The last move (+25 bps) was recorded in May of 2017. The policy statement underscored the complex macroeconomic context and the inflationary downturn observed since the August of 2017 peak, expected to extend in the following months. Consumer prices went up 6.37 percent year-on-year in October of 2017, slightly above 6.35 percent in the previous month and missing market expectations of 6.34 percent, mostly due to seasonal factors related to September's earthquakes. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018. Interest Rate in Mexico averaged 5.41 percent from 2005 until 2017, 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
2017-08-10 06:00 PM Interest Rate Decision 7.0% 7.0% 7.0% 7.0%
2017-09-28 06:00 PM Interest Rate Decision 7.00% 7.0% 7% 7.0%
2017-11-09 07:00 PM Interest Rate Decision 7.00% 7% 7.00% 7.0%
2017-11-23 03:00 PM Monetary Policy Meeting Minutes
2017-11-29 06:30 PM Banxico Inflation Report
2017-12-14 07:00 PM Interest Rate Decision 7.00% 7.0%


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.00 9.25 3.00 percent [+]
Interbank Rate 7.38 7.38 89.48 3.29 percent [+]
Money Supply M0 1372081.40 1357348.60 1420268.60 2741.00 MXN Million [+]
Money Supply M1 3863238657.00 3781270136.00 3872816628.00 3093600.00 MXN Thousand [+]
Money Supply M2 13265033426.00 12984454006.00 13265033426.00 15370409.00 MXN Thousand [+]
Money Supply M3 15706005208.00 15368114440.00 15706005208.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 174888.00 174702.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 5736719.39 5732130.21 5736719.39 1171622.00 MXN Million [+]
Loans to Private Sector 2228420203.00 2209952090.00 2228420203.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 1.29 0.59 94.96 0.59 percent [+]
Central Bank Balance Sheet 3781452751.00 3638351276.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 9.25 3.00 2005 - 2017 percent Daily




interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Oct/17
Brazil 7.50 Oct/17
Mexico 7.00 Nov/17
India 6.00 Oct/17
China 4.35 Oct/17
Indonesia 4.25 Nov/17
Australia 1.50 Nov/17
South Korea 1.25 Oct/17
United States 1.25 Nov/17
Canada 1.00 Oct/17
United Kingdom 0.50 Nov/17
Euro Area 0.00 Oct/17
France 0.00 Oct/17
Germany 0.00 Oct/17
Italy 0.00 Oct/17
Netherlands 0.00 Oct/17
Spain 0.00 Oct/17
Japan -0.10 Oct/17
Switzerland -0.75 Oct/17