Key data points
Last release
—
Observation period
Sep 26, 2024
Next release
—
Forecast
—
Highest
11.25 % on Feb 8, 2024
Lowest
3.00 % on Nov 30, 2015
About 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).
Related indicators
Frequently Asked Questions
Mexico interest rate is 10.5% at the moment.
Last month Mexico interest rate was 10.5%, and the month before that it amounted to 10.75%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.