Cash Rate

Banco de México, via BIS

Mexico overnight target rate

View on Mexico desk

6.50%

−0.25 pp last change (7 May 2026)

As of 17 Sep 2026 | Daily (policy rate; changes on decision days)

Mean
7.75%
Median
7.01%
Min
3.00% 6 Jun 2014
Max
36.41% 14 Jan 1999
DateRate
17 Sep 20266.50
31 Aug 20266.50
31 Jul 20266.50
30 Jun 20266.50
31 May 20266.50
30 Apr 20266.75
31 Mar 20266.75
28 Feb 20267.00
31 Jan 20267.00
31 Dec 20257.00
30 Nov 20257.25
31 Oct 20257.50
30 Sep 20257.50
31 Aug 20257.75
31 Jul 20258.00
30 Jun 20258.00
31 May 20258.50
30 Apr 20259.00
31 Mar 20259.00
28 Feb 20259.50
31 Jan 202510.00
31 Dec 202410.00
30 Nov 202410.25
31 Oct 202410.50

About Mexico's overnight target

Banco de México overnight target, from the BIS policy-rate data set (WS_CBPOL, MX). Current: 6.50% on 17 Sep 2026. Since 2008 this is the money-market overnight target; 1998–2008 is the bank funding rate.

The chart is a step at policy changes. From 3 Nov 1998 to 17 Sep 2026 (10,181 observations): mean 7.75%, median 7.01%; low 3.00% (6 Jun 2014), high 36.41% (14 Jan 1999). Not a mortgage or deposit rate. This page is not an official BIS publication.

Source: BIS central bank policy rates (WS_CBPOL), Mexico daily. Licence: BIS statistics: unrestricted reuse with attribution; inclusion must not add a charge to users. This page is not an official BIS publication (terms). Files: data/raw/bis-mx-policy.json.

Reading this series

Banco de México's overnight target is the policy rate the central bank uses to guide short-term peso interest rates. This page uses the BIS central bank policy rate series for Mexico (WS_CBPOL), compiled with Banxico, stored as dated level changes and drawn as a daily step series from 1998. Since 2008 the series is the money-market overnight target; from 1998 to 2008 it is the bank funding rate, the instrument used before the current framework. The target changes only at Banxico's monetary-policy decisions.

Read the headline with its as-of date, then the "versus the previous reading" line. Where the target has been unchanged, the page shows the date of the last actual move instead of zero changes. Mean, median, low and high are arithmetic summaries of the observations in this build and are not official figures. Chart and Table present the same series two ways, the range buttons filter what is drawn, and Explore adds zoom and pan on request. The overnight target is not a mortgage or deposit rate, and this page is not an official BIS publication.

About this desk

The Korea desk leads with the Bank of Korea Base Rate, the policy rate set by the Monetary Policy Board, then the US federal funds rate, Japan's policy rate and the ECB deposit facility, with the rest following. The Base Rate is read from the Bank's published change list and shown as a daily step series from 1999. It is the policy anchor for Korean money-market rates, not a retail lending rate.

All desks show the same official series in a different order; the figures do not change with the desk. Values are republished without alteration, and each page names the source and licence. The build publishes no Korean mortgage or deposit rate, because no official series is ingested — that page is absent rather than estimated. This is not financial advice, and readings may lag their source.