December 11, 2006
In line with the market's expectations, Mexico's central bank, Banco de Méx
In line with the market's expectations, Mexico's central bank, Banco de México (Banxico), kept the benchmark interest rate unchanged 7%, Friday, holding it for the eighth month in a row. The uptick in annual inflation seen in September and October eased slightly in November, falling from 4.29% to 4.1%. Analysts believe 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%.