Banxico's rate since 2008
Every Banxico rate decision since 2008, through the cut to 6.25% of 5 November 2026.
Banxico's target rate, decision by decision
Target for the overnight interbank rate, percent, every decision from 15 February 2008 to 5 November 2026; the line steps on the day of each change
161 decisions since February 2008: 33 rises, 39 cuts, the rest unchanged. The peak was 11.25% (from 30 March 2023); the low, 3.00%, held from June 2014 to December 2015. A level, not a change, so it has its own chart.
How far the rate moved each year
Net change in the target rate within each calendar year, basis points, 2008 to 2026 (2026 to 5 November)
2022 was the year of the steepest rises, +500 basis points; 2009 the year of the deepest cuts, −375, and then 2020 and 2025, −300 each.
The last ten decisions
Each decision's date, change and resulting target rate, newest first, 25 September 2025 to 5 November 2026
| Decision | Change | Target rate |
|---|---|---|
| 5 November 2026 | −25 basis points | 6.25% |
| 24 September 2026 | unchanged | 6.50% |
| 6 August 2026 | unchanged | 6.50% |
| 25 June 2026 | unchanged | 6.50% |
| 7 May 2026 | −25 basis points | 6.50% |
| 26 March 2026 | −25 basis points | 6.75% |
| 5 February 2026 | unchanged | 7.00% |
| 18 December 2025 | −25 basis points | 7.00% |
| 6 November 2025 | −25 basis points | 7.25% |
| 25 September 2025 | −25 basis points | 7.50% |
Banxico decides eight times a year on its published calendar; the next date is on Banxico's calendar.
Related on this site Prices and the policy rateThe peso
Deciding on these figures
We read the figures for your case, your product and your states, in writing first.
More data All the chartsThe comparison tableGrowth and outputPrices and the policy rateThe pesoExports and importsExports by stateWho buys from Mexico, and whatPorts and sea cargoHours to the border by roadTrucks entering the USA by portForeign investmentInvestment by stateForeign investment by type, country and sectorForeign investment: every country and sectorJobsWages and payroll taxSecurity by stateCargo theft by stateFactory wages and productivityEngineering and technical graduates by statePower and gasThe grid by control regionRemittancesThe release calendar