Mexico policy rate in 2003 (224 changes)

Start of year8.25%

End of year6.12%Dec 31, 2003

Net change-213 bp105 hikes, 119 cuts

Average6.109%

Rank by level12 / 36

Changes in 2003

Date	From	To	Change
Jan 2, 2003	8.25%	7.83%	cut -42 bp
Jan 3, 2003	7.83%	7.82%	cut -1 bp
Jan 6, 2003	7.82%	7.70%	cut -12 bp
Jan 7, 2003	7.70%	7.83%	hike +13 bp
Jan 8, 2003	7.83%	7.80%	cut -3 bp
Jan 9, 2003	7.80%	7.75%	cut -5 bp
Jan 10, 2003	7.75%	7.82%	hike +7 bp
Jan 13, 2003	7.82%	8.07%	hike +25 bp
Jan 14, 2003	8.07%	8.16%	hike +9 bp
Jan 15, 2003	8.16%	6.06%	cut -210 bp
Jan 16, 2003	6.06%	8.12%	hike +206 bp
Jan 17, 2003	8.12%	8.26%	hike +14 bp
Jan 20, 2003	8.26%	8.25%	cut -1 bp
Jan 21, 2003	8.25%	8.36%	hike +11 bp
Jan 22, 2003	8.36%	9.11%	hike +75 bp
Jan 23, 2003	9.11%	9.08%	cut -3 bp
Jan 24, 2003	9.08%	9.11%	hike +3 bp
Jan 27, 2003	9.11%	9.09%	cut -2 bp
Jan 28, 2003	9.09%	9.10%	hike +1 bp
Jan 29, 2003	9.10%	9.05%	cut -5 bp
Jan 30, 2003	9.05%	8.98%	cut -7 bp
Jan 31, 2003	8.98%	9.01%	hike +3 bp
Feb 3, 2003	9.01%	8.83%	cut -18 bp
Feb 4, 2003	8.83%	9.00%	hike +17 bp
Feb 6, 2003	9.00%	8.83%	cut -17 bp
Feb 7, 2003	8.83%	9.04%	hike +21 bp
Feb 10, 2003	9.04%	9.89%	hike +85 bp
Feb 11, 2003	9.89%	9.38%	cut -51 bp
Feb 12, 2003	9.38%	8.04%	cut -134 bp
Feb 13, 2003	8.04%	9.44%	hike +140 bp
Feb 14, 2003	9.44%	9.43%	cut -1 bp
Feb 17, 2003	9.43%	9.16%	cut -27 bp
Feb 19, 2003	9.16%	9.09%	cut -7 bp
Feb 20, 2003	9.09%	8.86%	cut -23 bp
Feb 21, 2003	8.86%	9.03%	hike +17 bp
Feb 24, 2003	9.03%	9.02%	cut -1 bp
Feb 25, 2003	9.02%	9.27%	hike +25 bp
Feb 26, 2003	9.27%	9.26%	cut -1 bp
Feb 27, 2003	9.26%	9.27%	hike +1 bp
Mar 4, 2003	9.27%	9.43%	hike +16 bp
Mar 5, 2003	9.43%	9.53%	hike +10 bp
Mar 6, 2003	9.53%	9.77%	hike +24 bp
Mar 7, 2003	9.77%	9.86%	hike +9 bp
Mar 10, 2003	9.86%	9.87%	hike +1 bp
Mar 11, 2003	9.87%	9.80%	cut -7 bp
Mar 12, 2003	9.80%	8.18%	cut -162 bp
Mar 13, 2003	8.18%	9.21%	hike +103 bp
Mar 14, 2003	9.21%	9.05%	cut -16 bp
Mar 17, 2003	9.05%	9.12%	hike +7 bp
Mar 18, 2003	9.12%	8.97%	cut -15 bp
Mar 19, 2003	8.97%	9.04%	hike +7 bp
Mar 20, 2003	9.04%	8.96%	cut -8 bp
Mar 24, 2003	8.96%	8.68%	cut -28 bp
Mar 25, 2003	8.68%	8.55%	cut -13 bp
Mar 26, 2003	8.55%	8.34%	cut -21 bp
Mar 27, 2003	8.34%	8.36%	hike +2 bp
Mar 28, 2003	8.36%	8.72%	hike +36 bp
Mar 31, 2003	8.72%	8.92%	hike +20 bp
Apr 1, 2003	8.92%	8.93%	hike +1 bp
Apr 2, 2003	8.93%	8.56%	cut -37 bp
Apr 3, 2003	8.56%	8.46%	cut -10 bp
Apr 7, 2003	8.46%	8.28%	cut -18 bp
Apr 8, 2003	8.28%	8.29%	hike +1 bp
Apr 9, 2003	8.29%	7.28%	cut -101 bp
Apr 10, 2003	7.28%	8.37%	hike +109 bp
Apr 11, 2003	8.37%	8.09%	cut -28 bp
Apr 14, 2003	8.09%	7.94%	cut -15 bp
Apr 16, 2003	7.94%	7.71%	cut -23 bp
Apr 21, 2003	7.71%	7.62%	cut -9 bp
Apr 22, 2003	7.62%	7.59%	cut -3 bp
Apr 24, 2003	7.59%	7.33%	cut -26 bp
Apr 25, 2003	7.33%	6.86%	cut -47 bp
Apr 28, 2003	6.86%	6.78%	cut -8 bp
Apr 29, 2003	6.78%	6.32%	cut -46 bp
Apr 30, 2003	6.32%	5.85%	cut -47 bp
May 2, 2003	5.85%	5.72%	cut -13 bp
May 5, 2003	5.72%	5.52%	cut -20 bp
May 6, 2003	5.52%	5.56%	hike +4 bp
May 7, 2003	5.56%	5.60%	hike +4 bp
May 8, 2003	5.60%	5.59%	cut -1 bp
May 9, 2003	5.59%	5.06%	cut -53 bp
May 12, 2003	5.06%	4.80%	cut -26 bp
May 14, 2003	4.80%	4.58%	cut -22 bp
May 15, 2003	4.58%	5.06%	hike +48 bp
May 16, 2003	5.06%	5.56%	hike +50 bp
May 19, 2003	5.56%	5.57%	hike +1 bp
May 20, 2003	5.57%	5.54%	cut -3 bp
May 21, 2003	5.54%	5.28%	cut -26 bp
May 22, 2003	5.28%	5.05%	cut -23 bp
May 23, 2003	5.05%	4.79%	cut -26 bp
May 26, 2003	4.79%	4.80%	hike +1 bp
May 27, 2003	4.80%	4.82%	hike +2 bp
May 28, 2003	4.82%	4.88%	hike +6 bp
May 29, 2003	4.88%	4.81%	cut -7 bp
May 30, 2003	4.81%	4.79%	cut -2 bp
Jun 2, 2003	4.79%	4.70%	cut -9 bp
Jun 3, 2003	4.70%	4.56%	cut -14 bp
Jun 4, 2003	4.56%	4.59%	hike +3 bp
Jun 5, 2003	4.59%	5.56%	hike +97 bp
Jun 6, 2003	5.56%	5.51%	cut -5 bp
Jun 9, 2003	5.51%	5.71%	hike +20 bp
Jun 10, 2003	5.71%	5.98%	hike +27 bp
Jun 11, 2003	5.98%	5.77%	cut -21 bp
Jun 12, 2003	5.77%	5.65%	cut -12 bp
Jun 13, 2003	5.65%	5.62%	cut -3 bp
Jun 16, 2003	5.62%	5.63%	hike +1 bp
Jun 17, 2003	5.63%	5.61%	cut -2 bp
Jun 18, 2003	5.61%	5.69%	hike +8 bp
Jun 19, 2003	5.69%	5.72%	hike +3 bp
Jun 20, 2003	5.72%	5.27%	cut -45 bp
Jun 23, 2003	5.27%	5.13%	cut -14 bp
Jun 24, 2003	5.13%	5.05%	cut -8 bp
Jun 25, 2003	5.05%	4.92%	cut -13 bp
Jun 26, 2003	4.92%	4.63%	cut -29 bp
Jun 27, 2003	4.63%	4.60%	cut -3 bp
Jun 30, 2003	4.60%	4.36%	cut -24 bp
Jul 3, 2003	4.36%	4.39%	hike +3 bp
Jul 4, 2003	4.39%	4.37%	cut -2 bp
Jul 8, 2003	4.37%	4.89%	hike +52 bp
Jul 9, 2003	4.89%	4.96%	hike +7 bp
Jul 10, 2003	4.96%	4.97%	hike +1 bp
Jul 11, 2003	4.97%	5.12%	hike +15 bp
Jul 14, 2003	5.12%	4.96%	cut -16 bp
Jul 15, 2003	4.96%	4.94%	cut -2 bp
Jul 17, 2003	4.94%	4.54%	cut -40 bp
Jul 18, 2003	4.54%	4.51%	cut -3 bp
Jul 21, 2003	4.51%	4.43%	cut -8 bp
Jul 22, 2003	4.43%	4.27%	cut -16 bp
Jul 23, 2003	4.27%	4.33%	hike +6 bp
Jul 24, 2003	4.33%	4.35%	hike +2 bp
Jul 25, 2003	4.35%	4.13%	cut -22 bp
Jul 28, 2003	4.13%	4.08%	cut -5 bp
Jul 29, 2003	4.08%	4.07%	cut -1 bp
Aug 1, 2003	4.07%	4.09%	hike +2 bp
Aug 4, 2003	4.09%	4.08%	cut -1 bp
Aug 5, 2003	4.08%	4.18%	hike +10 bp
Aug 6, 2003	4.18%	4.28%	hike +10 bp
Aug 8, 2003	4.28%	4.15%	cut -13 bp
Aug 11, 2003	4.15%	4.05%	cut -10 bp
Aug 12, 2003	4.05%	4.15%	hike +10 bp
Aug 13, 2003	4.15%	4.16%	hike +1 bp
Aug 15, 2003	4.16%	4.15%	cut -1 bp
Aug 19, 2003	4.15%	4.20%	hike +5 bp
Aug 20, 2003	4.20%	4.22%	hike +2 bp
Aug 21, 2003	4.22%	4.24%	hike +2 bp
Aug 25, 2003	4.24%	4.25%	hike +1 bp
Aug 26, 2003	4.25%	4.24%	cut -1 bp
Aug 27, 2003	4.24%	4.34%	hike +10 bp
Aug 28, 2003	4.34%	4.35%	hike +1 bp
Aug 29, 2003	4.35%	4.57%	hike +22 bp
Sep 2, 2003	4.57%	4.58%	hike +1 bp
Sep 3, 2003	4.58%	4.48%	cut -10 bp
Sep 4, 2003	4.48%	4.43%	cut -5 bp
Sep 5, 2003	4.43%	4.30%	cut -13 bp
Sep 8, 2003	4.30%	4.31%	hike +1 bp
Sep 9, 2003	4.31%	4.30%	cut -1 bp
Sep 10, 2003	4.30%	4.34%	hike +4 bp
Sep 11, 2003	4.34%	4.33%	cut -1 bp
Sep 12, 2003	4.33%	4.34%	hike +1 bp
Sep 15, 2003	4.34%	4.37%	hike +3 bp
Sep 17, 2003	4.37%	4.25%	cut -12 bp
Sep 18, 2003	4.25%	4.33%	hike +8 bp
Sep 19, 2003	4.33%	4.35%	hike +2 bp
Sep 22, 2003	4.35%	4.26%	cut -9 bp
Sep 23, 2003	4.26%	4.17%	cut -9 bp
Sep 24, 2003	4.17%	4.18%	hike +1 bp
Sep 25, 2003	4.18%	4.23%	hike +5 bp
Sep 29, 2003	4.23%	4.32%	hike +9 bp
Sep 30, 2003	4.32%	4.30%	cut -2 bp
Oct 1, 2003	4.30%	4.27%	cut -3 bp
Oct 2, 2003	4.27%	4.40%	hike +13 bp
Oct 3, 2003	4.40%	4.73%	hike +33 bp
Oct 6, 2003	4.73%	5.03%	hike +30 bp
Oct 7, 2003	5.03%	5.46%	hike +43 bp
Oct 8, 2003	5.46%	5.38%	cut -8 bp
Oct 9, 2003	5.38%	5.44%	hike +6 bp
Oct 10, 2003	5.44%	5.38%	cut -6 bp
Oct 13, 2003	5.38%	5.31%	cut -7 bp
Oct 14, 2003	5.31%	5.44%	hike +13 bp
Oct 15, 2003	5.44%	5.45%	hike +1 bp
Oct 17, 2003	5.45%	5.46%	hike +1 bp
Oct 20, 2003	5.46%	5.45%	cut -1 bp
Oct 21, 2003	5.45%	5.31%	cut -14 bp
Oct 24, 2003	5.31%	5.15%	cut -16 bp
Oct 27, 2003	5.15%	5.03%	cut -12 bp
Oct 28, 2003	5.03%	5.02%	cut -1 bp
Oct 29, 2003	5.02%	4.66%	cut -36 bp
Oct 30, 2003	4.66%	4.79%	hike +13 bp
Oct 31, 2003	4.79%	4.73%	cut -6 bp
Nov 3, 2003	4.73%	4.62%	cut -11 bp
Nov 4, 2003	4.62%	4.53%	cut -9 bp
Nov 5, 2003	4.53%	4.44%	cut -9 bp
Nov 7, 2003	4.44%	4.45%	hike +1 bp
Nov 12, 2003	4.45%	4.46%	hike +1 bp
Nov 13, 2003	4.46%	4.80%	hike +34 bp
Nov 14, 2003	4.80%	4.89%	hike +9 bp
Nov 17, 2003	4.89%	5.16%	hike +27 bp
Nov 18, 2003	5.16%	5.09%	cut -7 bp
Nov 19, 2003	5.09%	5.14%	hike +5 bp
Nov 21, 2003	5.14%	5.23%	hike +9 bp
Nov 24, 2003	5.23%	5.26%	hike +3 bp
Nov 25, 2003	5.26%	5.52%	hike +26 bp
Nov 26, 2003	5.52%	5.77%	hike +25 bp
Nov 27, 2003	5.77%	5.85%	hike +8 bp
Nov 28, 2003	5.85%	6.26%	hike +41 bp
Dec 1, 2003	6.26%	6.39%	hike +13 bp
Dec 2, 2003	6.39%	6.37%	cut -2 bp
Dec 3, 2003	6.37%	6.35%	cut -2 bp
Dec 4, 2003	6.35%	6.19%	cut -16 bp
Dec 5, 2003	6.19%	6.11%	cut -8 bp
Dec 8, 2003	6.11%	6.03%	cut -8 bp
Dec 9, 2003	6.03%	5.81%	cut -22 bp
Dec 10, 2003	5.81%	5.82%	hike +1 bp
Dec 11, 2003	5.82%	5.80%	cut -2 bp
Dec 15, 2003	5.80%	5.91%	hike +11 bp
Dec 16, 2003	5.91%	6.06%	hike +15 bp
Dec 17, 2003	6.06%	6.01%	cut -5 bp
Dec 18, 2003	6.01%	6.02%	hike +1 bp
Dec 22, 2003	6.02%	6.11%	hike +9 bp
Dec 23, 2003	6.11%	6.10%	cut -1 bp
Dec 24, 2003	6.10%	6.12%	hike +2 bp
Dec 26, 2003	6.12%	6.11%	cut -1 bp
Dec 30, 2003	6.11%	6.10%	cut -1 bp
Dec 31, 2003	6.10%	6.12%	hike +2 bp

Compared with other areas at the end of 2003

Türkiye26%

Romania21.25%

Brazil16.5%

Russia16%

Hungary12.5%

Serbia9%

South Africa8%

Colombia7.25%

India7%

Philippines6.75%

North Macedonia6.65%

Mexico6.12%

China5.31%

Poland5.25%

Australia5.25%

Israel5.2%

Iceland5.16%

New Zealand5%

Malaysia4.5%

South Korea3.75%

United Kingdom3.75%

Morocco3.25%

Kuwait3.25%

Sweden2.75%

Canada2.75%

Peru2.5%

Hong Kong2.5%

Norway2.25%

Chile2.25%

Denmark2.15%

Euro area2%

Czechia2%

Saudi Arabia1.75%

Thailand1.25%

United States1%

Switzerland0.375%

Year-end rate over time

20266.5%

20257%

202410%

202311.25%

202210.5%

20215.5%

20204.25%

20197.25%

20188.25%

20177.25%

20165.75%

20153.25%

20143%

20133.5%

20124.5%

20114.5%

20104.5%

20094.5%

20088.25%

20077.57%

20067.02%

20058.27%

20048.75%

20036.12%

20028.25%

20018.04%

200018.79%

← 2002 2004 →

2003: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.