Bank of Mexico Sets Record Low Benchmark Interest Rate at 4.5%

From Bloomberg.com:

Mexico is the only major Latin American economy that hasn’t raised interest rates this year.

The Governor of Mexico's central bank, Agustin Carstens, stated in an interview in Sao Paolo that “Mexico is in a good position right now.” He went on further to detail the factors behind Mexico's increasingly strong economy. “We have low inflation, strong public finances, relatively small debt to GDP, record high international reserves, exports are growing very fast,” he said.