Bank of Mexico holds interest rates steady

Mexico's central bank held monetary policy steady on Friday 12 August saying after its twice-monthly policy meeting it was keeping its money market "short" steady at 79 million pesos a day.

After lifting interest rates 12 times in a little over a year, the bank has left the short alone since March and recently ended the tightening cycle by delinking its own policy from a continuing rise in U.S. rates.

While the central bank was widely expected to hold policy steady on Friday, some analysts expe