Mexico's Ortiz confirms break with Fed rates

The monetary policy of the Bank of Mexico has been decoupled from the Federal Reserve's interest rates, central bank governor Guillermo Ortiz Martinez said.

Taking part in the 15th Roundtable with the Government of Mexico, entitled "Prosperity, Democracy and Change," organized by Economist Conferences, he said that last Friday the members of the governing board of Banxico "left the corto [mechanism to drain liquidity from the interbank market] as is, and there was also a decoupling from US mon