Sunday, June 22, 2008
Ortiz vs. Calderón, Round 2
After President Calderón implored the central bank to lower interest rates a couple of weeks ago, Banxico chief Guillermo Ortiz earned plaudits for standing his ground. Now he's taking it up a notch: the central bank raised rates on Friday. No word yet from Calderón's camp, but the Bloomberg article includes quotes from a bunch of approving economists.
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