Cash Rate

Banco de México, via BIS

Mexico overnight target rate

View on Mexico desk

6.50%

−0.25 pp last change (May 7, 2026)

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

Mean
7.75%
Median
7.01%
Min
3.00% Jun 6, 2014
Max
36.41% Jan 14, 1999
DateRate
Sep 17, 20266.50
Aug 31, 20266.50
Jul 31, 20266.50
Jun 30, 20266.50
May 31, 20266.50
Apr 30, 20266.75
Mar 31, 20266.75
Feb 28, 20267.00
Jan 31, 20267.00
Dec 31, 20257.00
Nov 30, 20257.25
Oct 31, 20257.50
Sep 30, 20257.50
Aug 31, 20257.75
Jul 31, 20258.00
Jun 30, 20258.00
May 31, 20258.50
Apr 30, 20259.00
Mar 31, 20259.00
Feb 28, 20259.50
Jan 31, 202510.00
Dec 31, 202410.00
Nov 30, 202410.25
Oct 31, 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 Sep 17, 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 Nov 3, 1998 to Sep 17, 2026 (10,181 observations): mean 7.75%, median 7.01%; low 3.00% (Jun 6, 2014), high 36.41% (Jan 14, 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.