Mexico's central bank decided to raise its benchmark policy rate by 25 bps to 4.25% on June 24th, surprising analysts who expected it unchanged at 4%. Policymakers said the recovery of the Mexican economy registered a significant rebound in March and some moderation in April, while it is likely to resume its recovery path during this year. Regarding inflation, expectations of headline and core inflation in 2021 rose again, while medium and long-term inflation remained relatively stable at levels above the goal of 3%. source: Banco de México
Interest Rate in Mexico averaged 5.67 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 August 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 4.25 in 12 months time. In the long-term, the Mexico Interest Rate is projected to trend around 5.00 percent in 2022 and 5.50 percent in 2023, according to our econometric models.