Bank of Mexico May Hold Lending Rates as Prices Drop More Than Expected

(Bloomberg) -- Mexico's central bank will probably
keep its overnight lending rate unchanged today after consumer
prices in the first half of this month fell more than expected.

Policy makers will maintain the benchmark rate at 7.25
percent, according to 12 of 17 economists surveyed by Bloomberg.
The bank raised rates for the first time in almost two years
last month, surprising all 16 economists polled, who predicted
the rate would be left at 7 percent.


Read more at Bloomberg Emerging Markets News