Mexico holds rates at 7.25%

The Bank of Mexico on Friday voted to keep its benchmark overnight lending rate at 7.25%.

The central bank said that while Mexico's financial markets have continued to behave normally and inflationary pressures caused by rising food prices remain, "the unfavourable events in the United States imply a risk" to economic activity.

The benchmark rate has stood at 7.25% since April, when the central bank made an increase for the first time in almost two years.

The central bank said that it still a

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