Mexico raises interest rates

[50_Bip]

AP
Mexico raises interest rates
Friday June 20, 1:26 pm ET
Mexico's central bank raises interest rates to control inflation


MEXICO CITY (AP) -- Mexico's Central Bank is raising interest rates to combat inflation.
The central bank says it's raising the key rate by 25 basis points to 7.75 percent from 7.5 percent. Friday's announcement marks the first time since October 2007 that the bank has raised rates.

The move follows the central bank's announcement that annual inflation rose to 4.95 percent in May, the fastest pace in more than three years. Food and oil led the price hikes.

http://biz.yahoo.com/ap/080620/mexico_interest_rates.html

 

[Thermactor]

Strong peso? AIEEEEEEEEE!!!!

 

[nazzdack]

Chimmy-changa!

 

[ssblack]

LOL Therm. Living in San Antonio I know EXACTLY what that sounds like.

 

[cvds16]

soon Americans are going to emigrate to Mexico

 

[piezoe]

Quote from cvds16:

soon Americans are going to emigrate to Mexico

They shouldn't wait too long to emigrate, or they won't be able to afford it.

 

[daddyeaux]

Mexico needs to build a fence on its side to keep out boomers looking for cheap gas and meds