Something about Finance

The Bank of Mexico cut interest rates to six percent as the economy faces a sever slowdown of its economy. The stock market fell 50 percent in one day and consumer spending is generally down. This is not the first cut, and the addition amounts to a total easing by 225 base points. This is not reflected in the inflation rate, which remains at 6 percent, or the peso, which fell from 9.8 pesos per dollar to 15.6 before climbing to 13. Mexico maintains a goal to slow inflation to 3 percent by 2010. A countrys monetary policy affects it's relations with foreign nations, the domestic consumer confidence and general public support for the government, and the possibility for long term regime stability.

http://online.wsj.com/article/SB123997901566629333.html

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