Thursday, May 10, 2007

Mexican unions win 4.3 pct wage increase in April

(Reuters) - Analysts mostly see the central bank leaving monetary policy unchanged for the time being given benign inflation data since it hiked its key overnight rate at the end of last month.

Inflationary pressure heated up in recent months, partly due to price spikes for foods like tomatoes and tortilla, but inflation for the 12 months to April was 3.99 percent, below the central bank's 4 percent limit and down from 4.21 percent for the 12 months to March.


Read more at Reuters.com Bonds News

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