07/12/2021

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Mexico’s Central Bank Nominee Fuels Concerns About Independence

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MEXICO CITY—The surprise nomination Wednesday of a minor-identified economist as the up coming head of Mexico’s central lender raised concerns about regardless of whether the financial institution would be in a position to keep its independence below President Andrés Manuel López Obrador as the state struggles with mounting inflation.

Mr. López Obrador, a leftist nationalist, nominated Deputy Finance Minister Victoria Rodríguez as the up coming governor of the Bank of Mexico, sparking a sharp depreciation of the peso. Buyers and analysts expressed considerations about no matter whether she was sufficiently experienced for the article.