The reference rate might fall in April by another 25 basis points.
Garcia has a strong campaign strategy, an organized political party, and besides, he is a good speaker.
The export sector is getting better and is probably going to continue being strong in the first quarter.
Imports growing more than expected means domestic demand continues on a very strong path.
My concern is that when the economy begins to slow, as I expect this year, revenue will fall as well, but it will be hard for the government to slow spending.
Inflation was expected to pick up on food supply, but it's still within the central bank's target.
The central bank wanted the peso to weaken, so if it is weakening, one of their incentives to cut rates is no longer there.
The inflation rate keeps moving downward. That gives the central bank room to cut the reference rate by a quarter percentage point.
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