The Central Bank of Mexico raised its benchmark interest rate by 25 bps to a nearly 10-year high of 8.0% at its November 2018 meeting, as widely expected. Policymakers underscored that inflation risks intensified since the last meeting, as a sharp depreciation in the peso was observed as a result of both external and domestic factors, with the latter mainly explained by a high degree of uncertainty regarding the next federal administration’s policies. One member of the board voted in favor of a 50-bps hike. The annual inflation rate in Mexico eased to 4.9 percent in October 2018 from 5.02 percent in September. Interest Rate in Mexico averaged 5.57 percent from 2005 until 2018, 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 8.25 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
2018-06-21 06:00 PM Interest Rate Decision 7.75% 7.5% 7.75% 7.75%
2018-08-02 06:00 PM Interest Rate Decision 7.75% 7.75% 7.75% 7.75%
2018-10-04 06:00 PM Interest Rate Decision 7.75% 7.75% 7.75% 7.75%
2018-11-15 07:00 PM Interest Rate Decision 8% 7.75% 8% 8%
2018-12-20 07:00 PM Interest Rate Decision 8.0% 8.25% 8.25%
2019-01-03 03:00 PM Monetary Policy Meeting Minutes
2019-02-07 07:00 PM Interest Rate Decision


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 8.00 7.75 9.25 3.00 percent [+]
Interbank Rate 8.25 8.12 89.48 3.29 percent [+]
Money Supply M0 1566428.30 1528718.80 1566428.30 2741.00 MXN Million [+]
Money Supply M1 4206924866.00 4159638869.00 4285168439.00 3093600.00 MXN Thousand [+]
Money Supply M2 8538462232.00 8503843452.00 13678464655.00 15370409.00 MXN Thousand [+]
Money Supply M3 9759784051.00 9754050071.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 176584.00 177040.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 7637609.38 7605713.23 7819398.22 1171622.00 MXN Million [+]
Loans to Private Sector 2607226570.00 2553405402.00 2607226570.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 2.70 1.29 94.96 0.59 percent [+]
Central Bank Balance Sheet 4055541139.00 3953998034.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 7.75 9.25 3.00 2005 - 2018 percent Daily




Country Last Previous
Argentina 59.44 Dec/18
Turkey 24.00 Dec/18
Mexico 8.00 Nov/18
Russia 7.75 Dec/18
South Africa 6.75 Nov/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Nov/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Nov/18
Switzerland -0.75 Dec/18


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