JUAN CARLOS NAVA APPLAUDS BANXICO STANCE ON RATES!

Bloomberg.com: Worldwide: "Mexico Central Bank Raises Rates, Ignoring Calderon's Remarks"

I consider of the utmost importance to fight inflationary expectations.
This is pure mass psychology applied to macroeconomic policy. A fight of
perceptions!. Wages and item prices have to be controlled in a world with such
commodities imbalances. Ortíz opted for the safest way to guard México's hard
won prestige in behaving responsibly.