MEXICO INTEREST RATE

By: Trading Economics.

The central bank of Mexico raised its benchmark interest rate by a higher-than-expected 50 bps to 5.75 percent on December 15th, 2016. It was the third straight time policymakers raised borrowing rates by 50bps aiming to protect the currency and to counteract additional inflationary pressures. Annual inflation rate was last recorded at 3.3 percent in November, the highest in almost two years and policymakers expect it to finish 2016 above the 3 percent target. Interest Rate in Mexico averaged 5.31 percent from 2005 until 2016, reaching an all-time high of 9.25 percent in October of 2005 and a record low of 3 percent in June of 2014.

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 2016.

http://www.tradingeconomics.com/mexico/interest-rate