Mexico central bank keeps rates unchanged at 7%

In a unanimous decision, Mexican central bank (Banxico) has decided to keep rates unchanged at 7%.

Key quotes (via Reuters):

• Going ahead the board will be vigilant of Fx changes, output gap
• Will also be vigilant of relative monopolistic stance with US as well as impact of quake on prices
• says balance of risks to growth have deteriorated particularly because of perception that adverse scenarios in the US - Mexico ties could materialize
• balance of risks to inflation may have deteriorated
• says recent earthquakes could cause supply problems and price rises in some products, these would be temporary
• past hikes have begun to have impact on inflation
• In coming months general inflation seems to have reached its high point, without taking into account quakes 
• effects of quake on economy and inflation be temporary and moderate