Mexico's Carstens prefers prudence on hikes amid uncertainty

Mexico hiked interest rates last month by 50 basis points to 5.25 percent after Donald Trump's surprise victory in the U.S. presidential election drove the peso to a record low due to concerns Trump could curtail trade with Mexico.

"We prefer to move with prudence and be cautious," Carstens told local radio. "We are looking for a balance, we don't want to be behind the curve, but neither do we want to get ahead of ourselves and shoot without knowing what we are shooting at."

(Reporting by Enrique Andres Pretel)