Mexico central bank Governor Agustin Carstens, who oversaw the first benchmark rate cut since 2009, said lax monetary policies in developed nations and slowing inflation will help determine future interest rate decisions.
Victor Hugo Barragan saw sales plummet 40 percent in the first nine months of 2010 at his homemade-ice-cream shop in Guadalupe, Mexico . A grenade blast that injured 14 people in the town’s central square in October - - the first drug-trafficking attack on the general public ever in this Monterrey suburb -- made a bad year even worse.
Mexico will reduce the weighting of energy and farm items in its inflation basket, according to a preliminary report by the national statistics institute, a move that could lower its consumer price index.
Mexico’s peso gained the most in three weeks after central bank board member Manuel Sanchez said he doesn’t see a case for cutting interest rates, damping speculation policy makers will reduce borrowing costs next week.