The Mexican peso’s recent bout of volatility following rising tensions in the Middle East is not a concern for inflation, Banco de Mexico’s governor said amid expectations that the bank will continue to be cautious in its upcoming monetary policy decision. Banxico, as the bank is often called, does not have an objective for the currency, but has kept an eye on the geopolitical factors that led to its swings, Governor Victoria Rodriguez said in an interview Saturday. Analysts are waiting to see the tone the bank will strike in its May 9 decision, and whether it will choose to hold borrowing costs at the current level. ... (full story)