Mexico Interest Rate

Last Release

Sep 25, 2025

Actual

7.5

Units In

7.75

Frequency

Daily

Next Release

Nov 06, 2025

Time to Release

1 Months 9 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
11.25 Mar 2023	3 Jun 2014	6.33 %	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 25 bps to 7.5% in its September meeting, in line with market expectations, bringing it to its lowest level since May 2022, and indicated it would consider further easing at future meetings. The decision came amid ongoing concerns about global trade tensions and sluggish economic growth in the country. In a statement on Thursday, the bank said it took into account "weak economic growth" and fluctuating global trade policies in its decision to lower borrowing costs. Wednesday’s data showed annual core inflation hit 4.26% in the first half of September. Banxico targets inflation at 3%, plus or minus a percentage point. Headline inflation also accelerated in the first half of September, rising to 3.74% from 3.49% in the first half of August. In updated inflation forecasts released on Thursday, Banxico raised its estimate for year-end annual core inflation to 4.0% in the fourth quarter, up from its previous estimate of 3.7%.