Mexico Considering Cutting Interest Rates

Mexico’s central bank recently stated that it may raise its interest rates. The country has earned a great deal of attention lately for being the only major Latin American country to hold off on raising interest rates, an aspect of its economy that has attracted billions of dollars in foreign investment. As the global economy is experimenting an uncertain recovery from the 2008 financial crisis, Banco de Mexico stated this past August 26 that if the growth outlook worsened it would consider "adjusting" its economic policy, including interest rates.