November 27, 2006
As was widely expected, Mexico's central bank, Banco de México (Banxico), h
As was widely expected, Mexico's central bank, Banco de México (Banxico), held the benchmark interest rate at 7%, Friday, following its monetary policy meeting. Analysts believe the recent uptick in Mexico's inflation is temporary and that Banxico will start to ease up on interest rates at the start of next year as growth slows and inflation falls back to the government's target of under 4%. Annual inflation rose to 4.29% in October, after rising to 4.09% in September.