Banco de Mexico decided to hold the benchmark interest rate steady at 6.5 percent today, prompting absolute indifference from the gringo enclave in Pescadero. Local retirees agreed that global monetary policy matters far less than whether the right-hand point break holds up through the afternoon swell. Meanwhile, St. Louis Fed President Alberto Musalem screamed into the void for an interest rate hike, which was completely drowned out by acoustic guitar looping at the Tuesday farmers market.