Mexico's central bank held the benchmark interest rate unchanged at 4% on March 25th after cutting it by 25 basis points in the February meeting and matching market expectations. Policymakers noted that annual inflation increased to 4.12% in March from 3.54% in January and that inflation expectations increased in the period. Still, they still expect convergence to 3% in the second quarter of 2022. Policymakers added that it will take the necessary actions in order for the policy rate to be consistent with the orderly and sustained convergence of headline inflation to the target. The decision was unanimous. source: Banco de México
Interest Rate in Mexico averaged 5.70 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 April 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 4.00 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.