07/08/16 The Wall Street Journal
MEXICO CITY—The Bank of Mexico’s decision to raise interest rates last month by half a percentage point doesn’t mean that the central bank will always move rates by that much, nor has it abandoned its focus on controlling inflation to one of managing the peso exchange rate, Gov. Agustín Carstens said Friday.
The central bank surprised investors on June 30 by raising interest rates by a half point, beating expectations and matching a similar increase in February. That prompted speculation that this aggressive stance could become the norm in coming months to support a weak and volatile peso.