Mexico Leaves Rates Unchanged

Mexico’s central bank left the country´s benchmark interest rate at 9.75 percent Friday, its highest level in over two years. The bank said inflation has been slowing but remains above the target range of 2 to 4 percent. The annual inflation rate was 4.3 percent in June, down from last year´s 5.2 percent. The central bank has increased interest rates 12 times since February 2004.