Bank of Mexico

Bank of Mexico
Banco de México
Logo
Logo
Headquarters
Headquarters
Headquarters2, 5 de Mayo Ave.
Alc. Cuauhtémoc, Mexico City
Coordinates19°26′06″N 99°08′26″W / 19.434893°N 99.140427°W / 19.434893; -99.140427
EstablishedSeptember 1, 1925 (1925-09-01)
GovernorVictoria Rodríguez Ceja
Central bank ofMexico
CurrencyMexican peso
MXN (ISO 4217)
ReservesUS$225.43 billion[1]
Interest rate target10.50%[2]
Websitewww.banxico.org.mx

The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.

  1. ^ "Reservas internacionales rompen histórico y llegan a 225,427 millones de dólares". El Economista. 2024.
  2. ^ Harrup, Anthony (2024-09-26). "Bank of Mexico Cuts Interest Rates for Second Straight Time". The Wall Street Journal.

Developed by StudentB