1/ Refers to the overnight TIIE funding rate determined by Banco de México on the corresponding date, calculated using repo operations on government, IPAB, and Banco de México securities traded by banks and brokerage firms in the wholesale market and settled through INDEVAL's DVP services. For further information on the calculation see the technical note:
Determining the Overnight TIIE Funding Rate.
2/ Refers to the Interbank Equilibrium Interest Rate (TIIE) determined by Banco de México and applicable on the corresponding date (date of publication in the Official Gazette). Effective January 1st, 2024, the methodology of TIIE with a tenor of 91 days and 182 days was modified, and effective January 1, 2025, the methodology of TIIE with a tenor of 28 days was modified. In both cases the methodology was changed to be based on market transactions, as detailed in Annex 11 of
Circular 4/2023 (before this date these rates were determined based on quotes presented by credit institutions).
3/ The 28 day average interbank interest rate (TIIP) was first calculated on January 1993, according to the provisions issued by Banco de México (Circular telefax 1996/93) and stopped being published on December 31, 2001, as stipulated in the Official Gazette of May 23rd. 2001rch 23, 1995.