Mexico is on the cusp of opening its energy industry to outside investment as a wide consensus has developed that the constitution must be changed to end the government’s monopoly on production, according to a board member of state-controlled oil producer Petroleos Mexicanos.
Traders are betting for the first time in four months that interest-rate increases will be delayed after inflation slowed and Mexican central bank Governor Agustin Carstens signaled he’ll keep borrowing costs unchanged.
Brazil’s central bank kept its options open for when it lifts interest rates to cool inflation running at a five-year high , after leaving its benchmark rate unchanged yesterday at President Henrique Meirelles ’ final board meeting. Yields fell across the board.
Brazil’s central bank signaled it will keep cutting interest rates at its current half-point pace as it tries to prevent Europe’s spreading debt crisis from stunting growth in Latin America’s biggest economy.
Mexico’s central bank will probably keep its benchmark interest rate unchanged for a tenth straight meeting today after annual inflation slowed to within policy makers’ target range for the first time in 2010.
Mexico’s central bank held its benchmark interest rate unchanged for a record 12th straight meeting, saying inflation will remain within forecasts even as the economy grew the most in a decade in the second quarter.
Chile’s central bank may cut rates if a global slowdown reduces commodity prices and damps growth in the world´s biggest copper producer, where domestic demand is showing signs of slowing, bank President Jose De Gregorio said.