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Monthly target interest rate of the Bank of Mexico from November 1998 to March 2026

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Source

Release date

March 2026

Region

Mexico

Survey time period

November 1998 to March 2026

Special properties

as of the end of each month

Citation formats

Monthly central bank policy rate in Mexico 1998-2026

Published by K. Scholle, Apr 16, 2026

In recent history, dating back to 2001, Mexico’s central bank policy rate reached its peak between March 2023 and February 2024, when it stood at percent, reflecting an aggressive response to elevated inflation. This peak was followed by a sustained easing cycle as inflationary pressures gradually moderated. In 2025, the central bank implemented seven rate cuts, reducing the policy rate from ** percent at the beginning of the year to **** percent by year-end. These reductions marked a significant shift toward a more accommodative monetary policy stance after one of the most restrictive periods in Mexico’s modern monetary history. As of March 2026, the policy rate has further decreased to *** percent.

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