All 15 analysts surveyed last week by Reuters said they expect the central bank to hold its key lending rate at 3.25 percent.
The Banco de Mexico hiked its key rate in December for the first time in seven years from a record low of 3 percent, hoping to support the peso after a rate increase by the U.S. Federal Reserve threatened to sap demand for emerging market assets.
The Mexican central bank decision comes after the U.S. Federal Reserve kept borrowing costs unchanged last week. Mexican policymakers have suggested they could closely follow the moves of the Fed.
Mexico’s currency has hit a series of record lows against the dollar but that has not yet stoked inflation, which is near its lowest level on record.