Term
Reference rate
The interest rate a central bank sets as the anchor for all other rates in the economy. Banxico's is a one-day target; the Fed's is a range.
In pesos: When Banxico sits at 6–7%, a peso savings account near 6% is normal; near 0% means someone is keeping the difference.
Where to go deeper
3/4 5 min Read What inflation is, and how it hits you Why the same money buys less over time, how a raise can still be a pay cut, and what central banks are actually doing when they raise rates.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.