Rates remain at 3.75%
- Central bank says slack in labor market persists, though gradually diminishing
- Sees inflation around 3% in 2016
- Balance of risks to inflation deteriorated in short-term, unchanged in medium term
- Will closely follow exchange rate3
USD/MXN is a fraction higher on the headlines but way up over the past 14 months.
I believe that Mexico is one of the world's best long-term investments and that Acupulco real estate will one-day boom. Drug wars don't last forever.
