JUAN CARLOS NAVA APPLAUDS BANXICO'S 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 ofperceptions!. Wages and item prices have to be controlled in a world
with suchcommodities imbalances. Ortíz opted for the safest way to guard
México's hardwon prestige in behaving responsibly.