Mexico holds rates at 7.5%

The Bank of Mexico's rate-setting board voted on Friday to hold its benchmark rate at 7.5%.

The decision was widely expected by economists following last month's surprise rate hike.

The central bank hinted that it was becoming increasingly concerned about the impact of the subprime prices on growth in the United States, Mexico's main trade partner.

Mexico's financial markets have continued to work normally and central bank data indicated growth in the third quarter was an impressive 3.7%, but

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