usarefCountriesMexico › Banxico overnight target rate

Mexico policy interest rate

Banco de México objetivo para la Tasa de Interés Interbancaria a 1 día (overnight interbank target rate), set by the Junta de Gobierno at its scheduled monetary policy announcements.

Current value6.5 percent
In force from2026-05-07
Official sourceBanco de México — Anuncios de las decisiones de política monetaria
Last verified2026-07-15
Verificationprimary — No verification limitation recorded — read from the official source cited.
Provenancesource fingerprint

What this value means

Cut 25bps to 6.50% at the 7 May 2026 announcement (lowest since April 2022); held unchanged at the 25 June 2026 announcement. Effective_from uses the announcement date; the new target technically applies from the following business day. The easing cycle began March 2024. Next scheduled announcement: 6 August 2026 (remaining 2026 dates: 6 Aug, 24 Sep, 5 Nov, 17 Dec). Headline inflation was ~3.55% (early June 2026, within the 3% +/-1 target band) while core inflation stayed above target (~4.1%), so the Board signalled it may hold.

Earlier values

FromValueSource
2018-01-017.25Bank for International Settlements - Central Bank Policy Rat
2018-02-087.5Bank for International Settlements - Central Bank Policy Rat
2018-06-217.75Bank for International Settlements - Central Bank Policy Rat
2018-11-158Bank for International Settlements - Central Bank Policy Rat
2018-12-208.25Bank for International Settlements - Central Bank Policy Rat
2019-08-158Bank for International Settlements - Central Bank Policy Rat
2019-09-267.75Bank for International Settlements - Central Bank Policy Rat
2019-11-147.5Bank for International Settlements - Central Bank Policy Rat
2019-12-197.25Bank for International Settlements - Central Bank Policy Rat
2020-02-137Bank for International Settlements - Central Bank Policy Rat
2020-03-206.5Bank for International Settlements - Central Bank Policy Rat
2020-04-216Bank for International Settlements - Central Bank Policy Rat

Get it programmatically

curl https://usaref.dev/v1/mx/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History:    curl https://usaref.dev/v1/mx/policy-rate/history?from=2020-01-01
# Provenance: curl https://usaref.dev/provenance/mx/policy-rate

Other Mexico series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates · official exchange rates