Mexico cenbank can up rate irrespective of Fed

Mexico's central bank can increase its key interest rate irrespective of when the U.S. Federal Reserve moves, and will adjust its monetary policy stance if conditions require it, a top board member said in a presentation in London on Tuesday.

Deputy Governor Javier Guzmán said monetary conditions remained very relaxed given a sharp depreciation of the peso, and that the board would remain vigilant for any passthrough to inflation.