Bank of Mexico keeps rates at 11.25%

In unanimous decision, board stresses rates are likely to remain unchanged ‘for some time’

Bank of Mexico

The Bank of Mexico’s (Banxico) governing board maintained interest rates unchanged in a unanimous decision following its monetary policy meeting, it announced on November 9.

The reference rate remains at 11.25%. Although officials acknowledged inflationary pressures are weakening, they warned interest rates will have to remain in restrictive territory in order to bring inflation down to the 3% target within the projection horizon.

The central bank paused its cycle of rate increases in May

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account