Mexican central banker sees no need for rate hike

A vice-governor of Mexico's central bank wrote in an article Monday 12 February Mexican food price hikes have not pushed up inflation expectations enough to merit an interest rate hike.

Everardo Elizondo, who is also one of the five members of Mexico's monetary policy voting board, wrote in a column in the Reforma newspaper that a rate hike would only be necessary if holding back from such action caused a drastic increase in inflation expectations.

"If price changes are caused by factors out o