Mexico must be ready to "take care" of the battered peso as a U.S. rate hike looms, but U.S. Federal Reserve policy will not be the only factor driving Mexico's rate decisions, Central Bank Gov. Agustin Carstens said on Monday.
Carstens leads the Bank of Mexico's five-man board, which is expected to raise its benchmark interest rate from 3 percent next week, when the Federal Reserve is seen raising borrowing costs for the first time in nearly a decade.
Policymakers in Latin America's No. 2 economy are expected to raise borrowing costs even though . . .
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