Mexico Interest Rate

Last Release

Feb 06, 2025

Actual

9.5

Units In

Frequency

Daily

Next Release

Mar 27, 2025

Time to Release

1 Months 16 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
11.25 Mar 2023	3 Jun 2014	6.27 %	2005-2025	N/A

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).

Latest Updates

The Bank of Mexico cut its benchmark interest rate by 50bps to 9.50% in February, in a majority decision. This aligns with the global disinflation trend, though inflation remains persistent in major economies, particularly in services. Domestically, economic activity contracted in Q4 2024 and is expected to weaken in 2025, with employment slowing and downside risks persisting. Headline inflation fell to 3.69% in mid-January 2025, while core inflation stood at 3.72%. While core inflation continues to trend downward, persistent services inflation led Banxico to maintain its inflation forecasts, expecting headline inflation to converge to the 3% target by Q3 2026. The bank indicated that further rate cuts may be appropriate, depending on the pace of disinflation and economic outlook.