Mexico's Peso Bonds Fall as Central Bankers Maintain `Restrictive Bias'

(Bloomberg) -- Mexico's peso-denominated bonds fell
after central bankers kept their ``restrictive bias'' at a
monetary policy meeting, damping expectations they will lower
interest rates this year.

The government's benchmark 20-year securities led declines
as policy makers expressed concern about inflation, saying higher
global grain prices may trigger a pickup in consumer price rises
in Mexico. Central bankers voted today to keep the overnight
lending rate at a one-year high of 7.25 percent.


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