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Banxico overnight interbank rate
Charts - historic Banxico interest rates
Graph Mexican interest rate Banxico - last year |
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Graph Mexican interest rate Banxico - long-term graph |
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Banxico - Banco de Mexico
Banco de Mexico (Banxico) the central bank of Mexico. The most important tasks of Banxico are to maintain the purchasing power – a low and stable inflation – and to provide currency to the local economy. For an overview of current inflation in Mexico, click here. Other tasks of the central bank of Mexico are developing the financial system and making sure that the payment system is functioning optimally. Banco the Mexico is steering the level of interest rates and inflation with the help of monetary policy. The system is similar to the system of the Federal Reserve Bank of the United States of America.
Overnight interbank rate (tasa de fondeo bancario)
When reference is made to the Mexican interest this often refers to the overnight interbank rate. This base rate is also called overnight interest rate or tasa de fondeo bancario. The level of the overnight interbank rate is determined by the board of governors during their monthly meeting. The level of the overnight interbank rate is an objective for the overnight interbank funding rate. This is the rate that Banxico pursues for interbank loans with a maturity of 1 day. The level of this rate is affecting the interest rates on consumer products like mortgages, savings accounts and loans.
This page shows the current and historic values of the Banxico overnight interbank rate.
For a summary of the current interest rates of a large number of central banks please click here..
Tables - current and historic Mexican central bank interest rates
Banxico latest interest rate changes
| march 30 2023 |
11.250 % |
| february 09 2023 |
11.000 % |
| december 15 2022 |
10.500 % |
| november 10 2022 |
10.000 % |
| september 29 2022 |
9.250 % |
| august 11 2022 |
8.500 % |
| june 23 2022 |
7.750 % |
| may 12 2022 |
7.000 % |
| march 24 2022 |
6.500 % |
| february 10 2022 |
6.000 % |
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Summary of other central banks’ interest rates
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