6.50% interest rate · 18.39 peso exchange rate, Mexico end-of-2026 outlook

Banxico’s October private-sector survey of 40 economic analysis and consulting groups, conducted October 19–29, put the median year-end 2026 interbank funding rate at 6.50% and the peso at 18.39 per dollar, with the median 2027 rate also at 6.50%. The 2026 and 2027 rate medians were unchanged from the prior month’s survey, while the averages came in at 6.49% for end-2026 and 6.51% for end-2027. The stability signals that analysts expect Mexican monetary conditions to hold near current levels through the forecast horizon rather than shift sharply in either direction. The peso median of 18.39 is the key external variable to watch, since a weaker currency would complicate the central bank’s path toward its 6.50% terminal rate.