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Mexico Interest Rate

The Bank of Mexico set the interest rate at 7.5% in September 2025. This decision follows a 25-basis point reduction and aims to stimulate economic activity amid sluggish growth and contained inflation. GDP growth forecasts for 2025 range from 0.2% to 1.0%. Headline inflation rose slightly to 3.74% in mid-September but stays within the central bank's target. Core inflation increased to 4.26%, leading to an upward revision of the year-end core inflation forecast to 4.0%. The rate cut was not unanimous, indicating ongoing debate about the pace of monetary easing. Mexico's record low interest rate was 3% in June 2014 and its record high was 11.25% in March 2023.

Historical Data (2008-2025)

(in %)
Date Interest Rate
Sep 26, 2025 7.5%
Aug 07, 2025 7.75%
Jun 26, 2025 8%
May 15, 2025 8.5%
Mar 27, 2025 9%
Feb 06, 2025 9.5%
Dec 19, 2024 10%
Nov 15, 2024 10.25%
Oct 31, 2024 10.5%
Sep 26, 2024 10.5%
Aug 08, 2024 10.75%
Jun 27, 2024 11%
May 09, 2024 11%
Mar 21, 2024 11%
Feb 08, 2024 11.25%
Dec 14, 2023 11.25%
Nov 09, 2023 11.25%
Sep 28, 2023 11.25%
Aug 10, 2023 11.25%
Jun 22, 2023 11.25%
May 18, 2023 11.25%
Mar 30, 2023 11.25%
Feb 09, 2023 11%
Dec 15, 2022 10.5%
Nov 10, 2022 10%
Sep 29, 2022 9.25%
Aug 11, 2022 8.5%
Jun 23, 2022 7.75%
May 12, 2022 7%
Mar 24, 2022 6.5%
Feb 10, 2022 6%
Dec 16, 2021 5.5%
Nov 12, 2021 5%
Sep 30, 2021 4.75%
Aug 12, 2021 4.5%
Jun 24, 2021 4.25%
May 13, 2021 4%
Mar 25, 2021 4%
Feb 11, 2021 4%
Dec 17, 2020 4.25%
Nov 12, 2020 4.25%
Sep 24, 2020 4.25%
Aug 13, 2020 4.5%
Jun 26, 2020 5%
May 14, 2020 5.5%
Apr 21, 2020 6%
Mar 20, 2020 6.5%
Feb 13, 2020 7%
Dec 19, 2019 7.25%
Nov 14, 2019 7.5%
Sep 26, 2019 7.75%
Aug 15, 2019 8%
Jun 27, 2019 8.25%
May 16, 2019 8.25%
Mar 28, 2019 8.25%
Feb 07, 2019 8.25%
Dec 20, 2018 8.25%
Nov 15, 2018 7.5%
Oct 04, 2018 7.75%
Aug 02, 2018 7.75%
Jun 21, 2018 7.75%
May 17, 2018 7.5%
Apr 12, 2018 7.5%
Feb 08, 2018 7.5%
Dec 14, 2017 7.25%
Oct 31, 2017 7%
Sep 29, 2017 7%
Aug 11, 2017 7%
Jun 22, 2017 7%
May 18, 2017 6.75%
Mar 30, 2017 6.5%
Feb 09, 2017 6.25%
Jan 31, 2017 5.75%
Dec 15, 2016 5.75%
Oct 31, 2016 4.75%
Sep 29, 2016 4.75%
Aug 11, 2016 4.25%
Jun 30, 2016 4.25%
May 05, 2016 3.75%
Mar 18, 2016 3.75%
Feb 04, 2016 3.25%
Jan 31, 2016 3.25%
Dec 17, 2015 3.25%
Nov 30, 2015 3%
Oct 29, 2015 3%
Sep 21, 2015 3%
Jun 06, 2014 3%
Oct 25, 2013 3.5%
Sep 06, 2013 3.75%
Mar 08, 2013 4%
Jul 17, 2009 4.5%
Jun 19, 2009 4.75%
May 15, 2009 5.25%
Mar 20, 2009 6.75%
Feb 20, 2009 7.5%
Jan 16, 2009 7.75%
Aug 15, 2008 8.25%
Jun 20, 2008 7.75%
Jan 21, 2008 7.5%

Recent Events

datetime event actual previous consensus
2025-09-25 03:00 PM Interest Rate Decision 7.5% 7.75% 7.5%
2021-02-11 02:00 PM Interest Rate Decision 4% 4.25% 4%

Next Release Date :

Mexico Interest Rate : Definition
The Interest Rate set by the Bank of Mexico is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.8% -1.5% Dec'24
Debt to GDP Ratio 49.7% 53.1% Dec'24
Private Credit (% GDP) 34.65% 33.24% 2024