The Bank of Mexico does not need to strictly track the U.S. Federal Reserve's expected interest rates hike path and can tighten monetary policy at its own pace as it seeks to curb inflation, the central bank governor told Reuters on Friday. The five board members of Banxico, as the central bank is known, voted unanimously to raise the benchmark interest rate by 50 basis points to 6.5% on Thursday, the seventh hike in a row. It was also the third straight 50-basis point increase. "We are of course concerned first of all about the inflation we are observing," Victoria Rodriguez, who took the helm at Banxico in ... (full story)