Mexico Interest Rate  2005-2018 | Data | Chart | Calendar | Forecast

The central bank of Mexico decided unanimously to hike its benchmark interest rate by 25bps to 7.75 percent on June 21st, as widely expected after the US Federal Reserve rise. It is the second increase in 2018 and places the interest rate at its highest level since February 2009. Policymakers justified its move arguing that some risk factors for inflation have materialized, including sharper depreciation of the peso, uncertainty around NAFTA's negotiations, presidential elections in July and pressures on the prices of gasoline and LP gas. Thus, this can contribute to a slower rate of convergence toward the inflation target of 3 percent than previously thought. In May, annual inflation eased further to 4.51 percent from 4.55 percent in April, standing at its lowest level since December 2016. It was also underscored that despite available information for the second quarter suggested a slowdown in economic activity, growth forecasts remained unchanged. Interest Rate in Mexico averaged 5.50 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.

Mexico Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-12 07:00 PM Interest Rate Decision 7.5% 7.5% 7.5% 7.5%
2018-05-17 06:00 PM Interest Rate Decision 7.5% 7.5% 7.5% 7.5%
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%
2018-08-16 03:00 PM Monetary Policy Meeting Minutes
2018-08-29 05:30 PM Banxico Inflation Report


Mexico Money Last Previous Highest Lowest Unit
Interest Rate 7.75 7.50 9.25 3.00 percent [+]
Interbank Rate 7.93 7.85 89.48 3.29 percent [+]
Money Supply M0 1534342.00 1510220.10 1545934.30 2741.00 MXN Million [+]
Money Supply M1 4154128582.00 4142776731.00 4267367550.00 3093600.00 MXN Thousand [+]
Money Supply M2 8481294130.00 8384824449.00 13678464655.00 15370409.00 MXN Thousand [+]
Money Supply M3 9605648136.00 9514101939.00 15992691139.00 15483730.00 MXN Thousand [+]
Foreign Exchange Reserves 178410.00 177213.00 199161.40 32970.50 USD Million [+]
Banks Balance Sheet 5994605.20 5858106.20 5994605.20 1171622.00 MXN Million [+]
Loans to Private Sector 2352487758.00 2301790660.00 2352487758.00 309796117.00 MXN Thousand [+]
Deposit Interest Rate 2.70 1.29 94.96 0.59 percent [+]
Central Bank Balance Sheet 3569633881.00 3860079736.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.75 7.50 9.25 3.00 2005 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 5.25 Jun/18
China 4.35 Jun/18
United States 2.00 Jun/18
Australia 1.50 Jul/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.50 Jul/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18


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