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LatinNews Daily - 24 November 2021

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In brief: Mexico’s López Obrador reconsiders pick to head up Banxico

* Mexico’s former finance minister Arturo Herrera (2019-2021), who President Andrés Manuel López Obrador had previously indicated he intended to nominate as the next president of the central bank (Banxico), has said he could “confirm” that López Obrador told him last week he had “decided to reconsider” his decision. Herrera was named in June to succeed Banxico governor Alejandro Díaz de León, whose term expires in December – an appointment which was well received by the markets. López Obrador has failed to provide reasons for this decision to reconsider the appointment. The uncertainty over who will take over at the helm and the direction of monetary policy comes at a time of high inflation and speculation regarding future rises in interest rates.