Banco de México Policy Rate

## What this measures

Banxico's target for the overnight interbank rate, its main policy tool.

## Why it matters

It sets Mexican borrowing costs and, through the gap with U.S. rates, the peso carry trade.

## How to read it

Compare with the U.S. federal funds rate: a wide gap supports the peso.

## What it does not say

It is a target, set by decision. Banxico dates it one day ahead.

## Source

Fuente: Banco de México, Sistema de Información Económica (SIE), series SF61745 ("Tasa objetivo"), https://www.banxico.org.mx. Palanor reads it every day through the SIE API.

Reproduced under Banco de México's general authorization to reproduce or use the information it publishes, citing the source.