Mexico interest rate
Bank of Mexico
- Policy rate
- 6.50%
- Sep 22, 2026
- Last move
- −0.25 pt
- May 2026
- Inflation
- 3.3%
- Aug 2026
- 10-year bond yield
- 9.16%
- Aug 2026
The policy rate set by the Bank of Mexico is 6.50% as of Sep 22, 2026. Its most recent move: it cut its rate from 6.75% to 6.50% (May 2026). The rate is 1.00 percentage points lower than a year earlier. With consumer prices up 3.3% over the 12 months to Aug 2026, the real rate (policy rate minus inflation) is +3.2%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 22, 2026: 6.50%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| May 2026 | Cut | 6.75% | 6.50% | −0.25 pt |
| Mar 2026 | Cut | 7.00% | 6.75% | −0.25 pt |
| Dec 2025 | Cut | 7.25% | 7.00% | −0.25 pt |
| Nov 2025 | Cut | 7.50% | 7.25% | −0.25 pt |
| Sep 2025 | Cut | 7.75% | 7.50% | −0.25 pt |
| Aug 2025 | Cut | 8.00% | 7.75% | −0.25 pt |
| Jun 2025 | Cut | 8.50% | 8.00% | −0.50 pt |
| May 2025 | Cut | 9.00% | 8.50% | −0.50 pt |
| Mar 2025 | Cut | 9.50% | 9.00% | −0.50 pt |
| Feb 2025 | Cut | 10.00% | 9.50% | −0.50 pt |
| Dec 2024 | Cut | 10.25% | 10.00% | −0.25 pt |
| Nov 2024 | Cut | 10.50% | 10.25% | −0.25 pt |
| Sep 2024 | Cut | 10.75% | 10.50% | −0.25 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Aug 2026: 3.3%
10-year government bond yield
Aug 2026: 9.16%
Other central banks in North America
Source: BIS; inflation: IMF CPI; bond yield: OECD. Updated daily. All central bank rates · Mexico economy dashboard