Mexico policy rate in 2004 (165 changes)

Start of year6.12%

End of year8.75%Dec 31, 2004

Net change+263 bp91 hikes, 74 cuts

Average6.778%

Rank by level7 / 36

Changes in 2004

Date	From	To	Change
Jan 5, 2004	6.12%	5.84%	cut -28 bp
Jan 6, 2004	5.84%	5.66%	cut -18 bp
Jan 7, 2004	5.66%	5.29%	cut -37 bp
Jan 8, 2004	5.29%	5.05%	cut -24 bp
Jan 9, 2004	5.05%	5.10%	hike +5 bp
Jan 12, 2004	5.10%	5.04%	cut -6 bp
Jan 13, 2004	5.04%	4.87%	cut -17 bp
Jan 14, 2004	4.87%	4.84%	cut -3 bp
Jan 15, 2004	4.84%	4.85%	hike +1 bp
Jan 16, 2004	4.85%	4.75%	cut -10 bp
Jan 19, 2004	4.75%	4.73%	cut -2 bp
Jan 20, 2004	4.73%	4.74%	hike +1 bp
Jan 21, 2004	4.74%	4.79%	hike +5 bp
Jan 22, 2004	4.79%	4.99%	hike +20 bp
Jan 23, 2004	4.99%	5.18%	hike +19 bp
Jan 26, 2004	5.18%	4.86%	cut -32 bp
Jan 27, 2004	4.86%	4.85%	cut -1 bp
Jan 28, 2004	4.85%	4.80%	cut -5 bp
Jan 29, 2004	4.80%	5.01%	hike +21 bp
Jan 30, 2004	5.01%	5.20%	hike +19 bp
Feb 2, 2004	5.20%	4.91%	cut -29 bp
Feb 3, 2004	4.91%	5.09%	hike +18 bp
Feb 4, 2004	5.09%	5.20%	hike +11 bp
Feb 6, 2004	5.20%	5.35%	hike +15 bp
Feb 9, 2004	5.35%	5.21%	cut -14 bp
Feb 10, 2004	5.21%	5.51%	hike +30 bp
Feb 12, 2004	5.51%	5.49%	cut -2 bp
Feb 13, 2004	5.49%	5.38%	cut -11 bp
Feb 16, 2004	5.38%	5.42%	hike +4 bp
Feb 17, 2004	5.42%	5.44%	hike +2 bp
Feb 18, 2004	5.44%	5.45%	hike +1 bp
Feb 19, 2004	5.45%	5.50%	hike +5 bp
Feb 20, 2004	5.50%	5.98%	hike +48 bp
Feb 23, 2004	5.98%	6.01%	hike +3 bp
Feb 24, 2004	6.01%	6.25%	hike +24 bp
Feb 25, 2004	6.25%	6.74%	hike +49 bp
Feb 26, 2004	6.74%	6.66%	cut -8 bp
Feb 27, 2004	6.66%	6.71%	hike +5 bp
Mar 1, 2004	6.71%	6.66%	cut -5 bp
Mar 2, 2004	6.66%	6.60%	cut -6 bp
Mar 3, 2004	6.60%	6.43%	cut -17 bp
Mar 4, 2004	6.43%	6.60%	hike +17 bp
Mar 5, 2004	6.60%	6.35%	cut -25 bp
Mar 8, 2004	6.35%	6.16%	cut -19 bp
Mar 9, 2004	6.16%	6.25%	hike +9 bp
Mar 10, 2004	6.25%	6.26%	hike +1 bp
Mar 11, 2004	6.26%	6.35%	hike +9 bp
Mar 12, 2004	6.35%	6.55%	hike +20 bp
Mar 15, 2004	6.55%	6.61%	hike +6 bp
Mar 16, 2004	6.61%	6.66%	hike +5 bp
Mar 17, 2004	6.66%	6.70%	hike +4 bp
Mar 18, 2004	6.70%	6.60%	cut -10 bp
Mar 19, 2004	6.60%	6.56%	cut -4 bp
Mar 22, 2004	6.56%	6.55%	cut -1 bp
Mar 23, 2004	6.55%	6.41%	cut -14 bp
Mar 24, 2004	6.41%	6.35%	cut -6 bp
Mar 25, 2004	6.35%	6.27%	cut -8 bp
Mar 26, 2004	6.27%	6.08%	cut -19 bp
Mar 29, 2004	6.08%	6.11%	hike +3 bp
Mar 30, 2004	6.11%	6.26%	hike +15 bp
Mar 31, 2004	6.26%	6.13%	cut -13 bp
Apr 1, 2004	6.13%	6.04%	cut -9 bp
Apr 2, 2004	6.04%	6.12%	hike +8 bp
Apr 6, 2004	6.12%	6.07%	cut -5 bp
Apr 7, 2004	6.07%	5.91%	cut -16 bp
Apr 12, 2004	5.91%	5.87%	cut -4 bp
Apr 13, 2004	5.87%	5.90%	hike +3 bp
Apr 14, 2004	5.90%	6.03%	hike +13 bp
Apr 15, 2004	6.03%	6.02%	cut -1 bp
Apr 16, 2004	6.02%	6.00%	cut -2 bp
Apr 19, 2004	6.00%	5.98%	cut -2 bp
Apr 21, 2004	5.98%	6.04%	hike +6 bp
Apr 22, 2004	6.04%	6.01%	cut -3 bp
Apr 23, 2004	6.01%	5.68%	cut -33 bp
Apr 26, 2004	5.68%	5.51%	cut -17 bp
Apr 27, 2004	5.51%	5.52%	hike +1 bp
Apr 28, 2004	5.52%	6.01%	hike +49 bp
Apr 29, 2004	6.01%	6.13%	hike +12 bp
Apr 30, 2004	6.13%	6.26%	hike +13 bp
May 5, 2004	6.26%	6.17%	cut -9 bp
May 6, 2004	6.17%	6.10%	cut -7 bp
May 7, 2004	6.10%	6.31%	hike +21 bp
May 10, 2004	6.31%	6.52%	hike +21 bp
May 14, 2004	6.52%	6.51%	cut -1 bp
May 17, 2004	6.51%	6.52%	hike +1 bp
May 21, 2004	6.52%	6.51%	cut -1 bp
May 24, 2004	6.51%	6.52%	hike +1 bp
May 25, 2004	6.52%	6.38%	cut -14 bp
May 26, 2004	6.38%	6.35%	cut -3 bp
May 28, 2004	6.35%	6.36%	hike +1 bp
May 31, 2004	6.36%	6.35%	cut -1 bp
Jun 4, 2004	6.35%	6.36%	hike +1 bp
Jun 7, 2004	6.36%	6.35%	cut -1 bp
Jun 10, 2004	6.35%	6.34%	cut -1 bp
Jun 11, 2004	6.34%	6.36%	hike +2 bp
Jun 14, 2004	6.36%	6.35%	cut -1 bp
Jun 18, 2004	6.35%	6.36%	hike +1 bp
Jun 21, 2004	6.36%	6.35%	cut -1 bp
Jun 25, 2004	6.35%	6.36%	hike +1 bp
Jun 28, 2004	6.36%	6.35%	cut -1 bp
Jun 30, 2004	6.35%	6.53%	hike +18 bp
Jul 1, 2004	6.53%	6.60%	hike +7 bp
Jul 2, 2004	6.60%	6.61%	hike +1 bp
Jul 5, 2004	6.61%	6.60%	cut -1 bp
Jul 9, 2004	6.60%	6.61%	hike +1 bp
Jul 13, 2004	6.61%	6.60%	cut -1 bp
Jul 16, 2004	6.60%	6.61%	hike +1 bp
Jul 20, 2004	6.61%	6.60%	cut -1 bp
Jul 21, 2004	6.60%	6.61%	hike +1 bp
Jul 23, 2004	6.61%	6.76%	hike +15 bp
Jul 26, 2004	6.76%	6.75%	cut -1 bp
Jul 28, 2004	6.75%	6.74%	cut -1 bp
Jul 29, 2004	6.74%	6.75%	hike +1 bp
Jul 30, 2004	6.75%	6.76%	hike +1 bp
Aug 2, 2004	6.76%	6.75%	cut -1 bp
Aug 3, 2004	6.75%	6.78%	hike +3 bp
Aug 4, 2004	6.78%	6.76%	cut -2 bp
Aug 6, 2004	6.76%	6.85%	hike +9 bp
Aug 9, 2004	6.85%	6.77%	cut -8 bp
Aug 10, 2004	6.77%	6.76%	cut -1 bp
Aug 11, 2004	6.76%	6.98%	hike +22 bp
Aug 12, 2004	6.98%	7.00%	hike +2 bp
Aug 13, 2004	7.00%	7.01%	hike +1 bp
Aug 16, 2004	7.01%	7.00%	cut -1 bp
Aug 20, 2004	7.00%	7.01%	hike +1 bp
Aug 23, 2004	7.01%	7.00%	cut -1 bp
Aug 25, 2004	7.00%	7.09%	hike +9 bp
Aug 26, 2004	7.09%	7.10%	hike +1 bp
Aug 27, 2004	7.10%	7.15%	hike +5 bp
Aug 30, 2004	7.15%	7.17%	hike +2 bp
Sep 3, 2004	7.17%	7.15%	cut -2 bp
Sep 6, 2004	7.15%	7.16%	hike +1 bp
Sep 17, 2004	7.16%	7.19%	hike +3 bp
Sep 20, 2004	7.19%	7.16%	cut -3 bp
Sep 22, 2004	7.16%	7.41%	hike +25 bp
Sep 24, 2004	7.41%	7.61%	hike +20 bp
Sep 30, 2004	7.61%	7.62%	hike +1 bp
Oct 1, 2004	7.62%	7.61%	cut -1 bp
Oct 12, 2004	7.61%	7.62%	hike +1 bp
Oct 21, 2004	7.62%	7.63%	hike +1 bp
Oct 22, 2004	7.63%	7.76%	hike +13 bp
Oct 25, 2004	7.76%	7.82%	hike +6 bp
Oct 27, 2004	7.82%	7.81%	cut -1 bp
Nov 4, 2004	7.81%	7.82%	hike +1 bp
Nov 5, 2004	7.82%	7.83%	hike +1 bp
Nov 9, 2004	7.83%	7.85%	hike +2 bp
Nov 11, 2004	7.85%	8.08%	hike +23 bp
Nov 12, 2004	8.08%	8.07%	cut -1 bp
Nov 15, 2004	8.07%	8.06%	cut -1 bp
Nov 23, 2004	8.06%	8.07%	hike +1 bp
Nov 25, 2004	8.07%	8.06%	cut -1 bp
Nov 26, 2004	8.06%	8.27%	hike +21 bp
Dec 2, 2004	8.27%	8.26%	cut -1 bp
Dec 7, 2004	8.26%	8.27%	hike +1 bp
Dec 9, 2004	8.27%	8.26%	cut -1 bp
Dec 10, 2004	8.26%	8.38%	hike +12 bp
Dec 13, 2004	8.38%	8.41%	hike +3 bp
Dec 14, 2004	8.41%	8.47%	hike +6 bp
Dec 15, 2004	8.47%	8.72%	hike +25 bp
Dec 16, 2004	8.72%	8.74%	hike +2 bp
Dec 23, 2004	8.74%	8.72%	cut -2 bp
Dec 24, 2004	8.72%	8.75%	hike +3 bp
Dec 27, 2004	8.75%	8.73%	cut -2 bp
Dec 28, 2004	8.73%	8.74%	hike +1 bp
Dec 31, 2004	8.74%	8.75%	hike +1 bp

Compared with other areas at the end of 2004

Türkiye18%

Brazil17.75%

Romania17%

Russia13%

North Macedonia10%

Hungary9.5%

Mexico8.75%

Serbia8.5%

Iceland7.92%

South Africa7.5%

Philippines6.75%

Poland6.5%

New Zealand6.5%

Colombia6.5%

India6%

China5.58%

Australia5.25%

Kuwait4.75%

United Kingdom4.75%

Hong Kong3.75%

Israel3.7%

Morocco3.25%

South Korea3.25%

Peru3%

Malaysia2.7%

Saudi Arabia2.5%

Czechia2.5%

Canada2.5%

United States2.25%

Chile2.25%

Denmark2.15%

Euro area2%

Thailand2%

Sweden2%

Norway1.75%

Switzerland0.75%

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%

← 2003 2005 →

2004: hikes and cuts worldwide →

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