Mexico's central bank kept its benchmark interest rate unchanged at 4.25 percent on 17 December 2020, matching market expectations. The bank held borrowing costs steady for the second straight meeting after nearly 1-1/2 years of cuts, mentioning that this pause to easing cycle provides the necessary room to confirm that the trajectory of inflation converges to the target. Policymakers noted that the annual inflation dropped to 3.33% in November from 4.09% in October. The Committee underscored that economic activity started to recover in the third quarter of the year, although it remains below the levels prior to the pandemic in an environment of uncertainty and downward risks. Policymakers added 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. source: Banco de México
Interest Rate in Mexico averaged 5.74 percent from 2005 until 2020, 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 December of 2020.
Interest Rate in Mexico is expected to be 4.25 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 4.00 percent in 2021 and 5.50 percent in 2022, according to our econometric models.