Mexico Interest Rate 2024. By 2024, as we expect banxico to start cutting rates before the federal reserve (february and september, respectively), the spread between the us and mexican interest rates will begin to narrow (from 550 basis. 28 day data is updated daily, averaging 4.900 % pa from mar 1995 to 02 may 2024, with 7113 observations.
This change is the first to have taken place since on march31th 2023, when the central bank increased interest rates by 0.25 percentage points to 11.25%. The cash rate (policy rate:
Monetary Policy Statements By Publication Date.
It now anticipates a 3.4% rate at the end of 2024.
Mexico’s Headline Inflation Slowed For The First Time Since October, Increasing Bets That Central Bankers Will Start A Cycle Of Interest Rate.
Mexico keeps 11.25% rate as inflation hovers above target.
Interest Rate In Mexico Averaged 6.11 Percent From 2005 Until 2024, Reaching An All Time High Of 11.25 Percent In March Of 2023 And A Record Low Of 3.00 Percent In June Of 2014.
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The Peso Reached 17.57 Against The U.s.
Month end was reported at 11.65 % pa in feb 2024.
The Cash Rate (Policy Rate:
It’s the sixth time the bank has held its rate this year;
Graph And Download Economic Data For Interest Rates, Government Securities, Treasury Bills For Mexico (Intgstmxm193N) From Oct 1986 To Feb 2024.
