The benchmark interest rate in Mexico was last recorded at 9.50 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Mexico decreased to 3.90 percent in December from 4.08 percent in November of 2024. This dataset includes a chart with historical data for Deposit Interest Rate in Mexico.

Mexico's monetary policy rates have been continuously increasing since 2015. In 2010, the Bank of Mexico set the base interest rate at 4.5 percent, and it remained at the same level until 2012. In 2018, the rate reached 7.64 percent, the highest level registered this decade so far. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates.

Santander was the bank that offered the lowest interest rate for mortgage loans in Mexico in 2023. In January that year, the lowest annual interest rate offered by this bank amounted to 9.05 percent. Banorte and Afirme were the two other banks that offered interest rates below 10 percent. What are the mortgage rates in other countries worldwide? Mortgage interest rates vary widely across different countries, with some of the most attractive rates found in Europe. Mortgage rates have generally increased since 2021 because of rising inflation. That can clearly be seen in the development of mortgage rates in the United States, where interest rates more than doubled in just two years. How much does buying a home in Mexico cost? The average price of a home in Mexico was about 1.6 million Mexican pesos in 2023, but in Mexico City, this figure was almost twice higher. Tamaulipas, Tlaxcala, and Durango were among the states where housing was least expensive.

Mexico MX: Real Interest Rate data was reported at 1.137 % pa in 2017. This records an increase from the previous number of -0.627 % pa for 2016. Mexico MX: Real Interest Rate data is updated yearly, averaging 2.566 % pa from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 15.142 % pa in 1995 and a record low of -13.174 % pa in 1993. Mexico MX: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Mexico Interest Rate: 28 Day Interbank Interest Rate (28 Day TIIE) data was reported at 8.519 % pa in Mar 2019. This records a decrease from the previous number of 8.562 % pa for Feb 2019. Mexico Interest Rate: 28 Day Interbank Interest Rate (28 Day TIIE) data is updated monthly, averaging 7.728 % pa from Mar 1995 (Median) to Mar 2019, with 289 observations. The data reached an all-time high of 89.480 % pa in Mar 1995 and a record low of 3.287 % pa in Nov 2014. Mexico Interest Rate: 28 Day Interbank Interest Rate (28 Day TIIE) data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M002: Interest Rates.

Interest rate spread (lending rate minus deposit rate, %) in Mexico was reported at 6.8225 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Mexico MX: Deposit Interest Rate data was reported at 2.696 % pa in 2017. This records an increase from the previous number of 1.288 % pa for 2016. Mexico MX: Deposit Interest Rate data is updated yearly, averaging 11.287 % pa from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 94.959 % pa in 1987 and a record low of 0.589 % pa in 2015. Mexico MX: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Graph and download economic data for Interest Rates, Government Securities, Treasury Bills for Mexico (INTGSTMXM193N) from Oct 1986 to Jan 2025 about Mexico, bills, securities, Treasury, government, interest rate, interest, and rate.

Forecast: Bank Lending Interest Rate in Mexico 2022 - 2026 Discover more data with ReportLinker!

Mexico MX: Lending Interest Rate data was reported at 7.339 % pa in 2017. This records an increase from the previous number of 4.718 % pa for 2016. Mexico MX: Lending Interest Rate data is updated yearly, averaging 7.561 % pa from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 59.432 % pa in 1995 and a record low of 3.422 % pa in 2015. Mexico MX: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

The net interest income in the retail & commercial banking market in Mexico was forecast to continuously increase between 2024 and 2029 by in total 14.7 billion U.S. dollars (+34.68 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 57.07 billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the net interest income in countries like Cuba, Chile, and Bolivia.. The Statista Market Insights cover a broad range of additional markets.

Key information about Mexico Bank Lending Rate

• Mexico Bank Lending Rate was reported at 10.380 % pa in Jan 2025.
• This records a decrease from the previous number of 10.620 % pa for Dec 2024.
• Mexico Bank Lending Rate data is updated monthly, averaging 7.973 % pa from Sep 1993 to Jan 2025, with 377 observations.
• The data reached an all-time high of 91.970 % pa in Apr 1995 and a record low of 3.290 % pa in Sep 2014.
• Mexico Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Mexico Interest Rate: Ave Cost of Term Deposits in Invt Units (CCP-UDIS) data was reported at 4.420 % pa in Mar 2019. This stayed constant from the previous number of 4.420 % pa for Feb 2019. Mexico Interest Rate: Ave Cost of Term Deposits in Invt Units (CCP-UDIS) data is updated monthly, averaging 4.630 % pa from Nov 1995 (Median) to Mar 2019, with 281 observations. The data reached an all-time high of 8.360 % pa in Apr 1996 and a record low of 3.330 % pa in Mar 1999. Mexico Interest Rate: Ave Cost of Term Deposits in Invt Units (CCP-UDIS) data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M002: Interest Rates.

Among the Latin American and Caribbean countries shown in this graph, Argentina had the highest monetary policy rate as of 2018. The monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2017, the latest year with available data according to the source, Argentina's Central Bank set the monetary policy rate at 26.42 percent. In 2018, the base interest rate in Mexico stood at 7.64 percent.

The statistic depicts the average inflation rate in Mexico from 1987 to 2022, with projections up until 2029. The inflation rate measures price changes for a fixed basket of goods which includes a representative selection of goods and services. In 2022, Mexico's average inflation rate was around 7.9 percent compared to the previous year.

Mexico’s economy

Mexico’s gross domestic product (GDP) has been increasing slightly over the last decade, however, its national debt still amounts to almost half of its GDP. The majority of Mexico’s GDP is yielded by the services sector, as a look at the distribution of gross domestic product in Mexico by sector shows. More than 60 percent of GDP are generated in this sector; the majority of the Mexican workforce is employed in services. One important contributor to Mexico’s GDP is tourism. The total unemployment rate in Mexico took a turn for the worse during the recession of 2008 and is still to bounce back to previous levels.

Mexico’s main export and import partner is the United States which accounts for approximately half of the value of both. Thus, the trade balance of goods in Mexico, showing the value of exports minus the value of imports, is heavily dependant on the United States. For the past decade, Mexico’s trade balance has run at a deficit of more than 10 billion US dollars. The trade balance of services sector in Mexico has also been in the red with a deficit of more than 6 percent since the recession and higher than 9 percent since 2011.

Mexico is also one of the largest drug exporting countries worldwide. Specific trade figures are not available, however, Mexico is among the top countries for opium cultivation based on acreage, and thousands of illegal poppy fields, processed into opium, have been destroyed in Mexico year after year.

Mexico Fixed Term Deposits: Weighted Avg Rates Before Tax: 90 Days data was reported at 9.510 % pa in Jan 2025. This records a decrease from the previous number of 9.740 % pa for Dec 2024. Mexico Fixed Term Deposits: Weighted Avg Rates Before Tax: 90 Days data is updated monthly, averaging 6.860 % pa from Jul 1990 (Median) to Jan 2025, with 415 observations. The data reached an all-time high of 63.570 % pa in Apr 1995 and a record low of 2.900 % pa in Jul 2014. Mexico Fixed Term Deposits: Weighted Avg Rates Before Tax: 90 Days data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M005: Bank Instruments Interest Rates.

Mexico Debt Securities: by Interest Rate: Unidentified data was reported at 84.800 MXN bn in Mar 2019. This records a decrease from the previous number of 87.800 MXN bn for Feb 2019. Mexico Debt Securities: by Interest Rate: Unidentified data is updated monthly, averaging 63.300 MXN bn from Jun 2009 (Median) to Mar 2019, with 118 observations. The data reached an all-time high of 262.900 MXN bn in Jul 2013 and a record low of 4.900 MXN bn in May 2010. Mexico Debt Securities: by Interest Rate: Unidentified data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.Z006: Debt Securities Issued.

Mexico Fixed Term Deposits: After Tax: 3 Months data was reported at 5.150 % pa in Nov 2024. This records a decrease from the previous number of 5.160 % pa for Oct 2024. Mexico Fixed Term Deposits: After Tax: 3 Months data is updated monthly, averaging 6.170 % pa from May 1977 (Median) to Nov 2024, with 571 observations. The data reached an all-time high of 112.790 % pa in Dec 1987 and a record low of 1.350 % pa in Jul 2014. Mexico Fixed Term Deposits: After Tax: 3 Months data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M004: Bank Instruments Interest Rates.

Mexico Fixed Term Deposits: Weighted Avg Rates Before Tax: 28 Days data was reported at 9.520 % pa in Jan 2025. This records a decrease from the previous number of 9.860 % pa for Dec 2024. Mexico Fixed Term Deposits: Weighted Avg Rates Before Tax: 28 Days data is updated monthly, averaging 7.030 % pa from Apr 1993 (Median) to Jan 2025, with 382 observations. The data reached an all-time high of 72.180 % pa in Apr 1995 and a record low of 2.930 % pa in Dec 2014. Mexico Fixed Term Deposits: Weighted Avg Rates Before Tax: 28 Days data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M005: Bank Instruments Interest Rates.