MEXICO : CBank Unexpectedly Slashes Benchmark...by 50 Bps...To Record Low 4%.

      Central bank watchers may be in a state of shock...after Mexico unexpectedly slashed its benchmark rate by 50 bps...to a record low...4%.
      It's Mexico's first interest rate cut since 2009.
      The peso strengthened on the move.
      Inflation...at 3%...is still within the target range of 2%-4%.
http://www.bloomberg.com/news/2013-03-08/mexico-central-bank-cuts-key-rate-for-first-time-since-2009.html