Mexico's Central Bank Holds Benchmark Interest Rates as Inflation Slows

(Bloomberg) -- Mexico's central bank held its
overnight lending rate unchanged today after consumer prices
fell more than expected last month.

Policy makers kept the benchmark rate at 7.25 percent,
matching estimates from 14 of 17 economists surveyed by
Bloomberg. The bank raised rates for the first time in almost
two years in April and last month said it expected inflation to
fall to 3 percent toward the end of next year.


Read more at Bloomberg Emerging Markets News