Mexico - Lending Rate

Mexico: Lending Rate

Unit Percent, NSA
Adjustments Not Seasonally Adjusted
Business Daily
Data 07 Dec 2021 4.97
06 Dec 2021 4.97

Series Information

Source Bank of Mexico
Release Daily Interest Rates
Frequency Business Daily
Start Date 9/16/1998
End Date 12/7/2021

Mexico: Markets

Reference Last Previous Units Frequency
Stock Market Index 08 Dec 2021 51,056 50,918 Index, NSA Daily
Lending Rate 07 Dec 2021 4.97 4.97 Percent, NSA Business Daily
Average Long-term Government Bond 02 Dec 2021 7.96 %, NSA Thursday Weekly
Treasury Bills (over 31 days) 02 Dec 2021 5.5 5.45 %, NSA Thursday Weekly
Money Market Rate Sep 2021 4.75 4.65 % p.a., NSA Monthly
Monetary Policy Rate Jun 2017 7 6.75 % - End of period Monthly

Release Information

For Mexico, key interest rates: bank funding rate, government funding rate, interbank equilibrium rate (TIIE) for overnight and one-month tenors.

  • Measurement: Percent per annum (% p.a.)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Business-daily
  • Start date: 

Interest rate is determined every banking day by Reuters with quotes on offered inter-bank deposits given by domestic commercial banks and are calculated based on a weighted average.

The interbank interest rate equilibrium (TIIE) at 28 days is determined by the Bank of Mexico based on contributions made by credit institutions, taking as the starting date of its publication in the Official Journal of the Federation. The procedure for calculating the rate set out in Circular 2019/95 issued by the Bank of Mexico and in the Official Journal of the Federation on March 23, 1995. This series draws on start date of publication in the Official Gazette

Monetary policy is the set of actions taken by Banco de México to influence interest rates and inflation expectations in order to make price behavior consistent with the objective of ensuring an environment of low and stable inflation. In order to accomplish this objective the central bank has defined an operating target to guide its implementation of monetary policy. Since January 21, 2008, Banco de México has adopted the overnight interbank rate as its key monetary policy interest rate.

The monetary policy committee meets monthly and announces the rate decision at this time.

The banking funding rate, or representative interest rate, on one day repo and one day outright operations with certificates of deposit, bank notes and banker's acceptances, traded by banks and stockbrokerage firms in the wholesale market settled through the delivery versus payment system in INDEVAL (securities clearing house).

Further reading