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Weekly Report - 25 November 2021 (WR-21-47)

MEXICO: Change of plan at Banxico

There has been a change of plan at Mexico’s central bank, the Banco de México (Banxico). After months of waiting for senate hearings to confirm his appointment as governor of Banxico, former finance minister Arturo Herrera suddenly discovered he no longer had the backing of President Andrés Manuel López Obrador. Instead, López Obrador has announced that Victoria Rodríguez Ceja, a finance ministry official, is to get the job. Financial markets have been taken aback by the abrupt change.

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