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“It scares the markets”: The Financial Times describes Victoria Rodriguez’s nomination to Banxico

U.S.A."It scares the markets": The Financial Times describes Victoria...

“It scares the markets”: The Financial Times describes Victoria Rodriguez’s nomination to Banxico (Photo: Daniele Augusto / CUARTOSCURO.COM)

President Andres Manuel Lopez Obrador Confirmed that it would propose to the current Under Secretary of Expenditure for the Ministry of Finance and Public Debt, Victoria Rodriguez Seja. Next Governor of Banco de Mexico (Banxo),

The criticism surrounding this appointment was immediate, beginning with detractors. fourth change, journalists and economic analysts are recognized in Mexico.

However, doubts about this appointment were also covered by international newspapers such as financial TimesWhere journalists Christine Murray and Eric Platt fully evaluated the decision,

In his opinion, the President “troubled financial markets” world, causing the peso to fall to its lowest level since March 2021.

The coin fell “up” 1.8 percent against the US dollar To trade at a minimum of 21.6 against the reserve currency”, he pointed out.

President of Mexico troubled the financial markets on Wednesday by naming an obscure public sector economist as the head of the country’s central bank,” he pointed out.

For his part, Rodriguez Ceja pointed out that if it is approved by the Senate of the Republic, its main goal would be to combat inflation and not touch international reserves (Photo: Screenshot)
For his part, Rodriguez Ceja pointed out that if it is approved by the Senate of the Republic, its main goal would be to combat inflation and not touch international reserves (Photo: Screenshot)

Although he emphasized his work as a public finance officer at both the federal and state levels, he cautioned that Have no experience in the field of monetary policy,

and in consultation with Gabriella Siller, head of financial and economic research of Banco Base, it was concluded that for the next few daysThe market will continue to be cautious For one main reason:

“… because we don’t know (Rodriguez Ceja’s) position on inflation, especially on his belief whether it is transitory or not,” said the expert.

President Andres Manuel López Obrador confirmed that he would propose to the current Undersecretary of Expenditure of the Ministry of Finance and Public Debt, Victoria Rodriguez Ceja, to become the next governor of Banco de Mexico (Photo: Bancoco) Photo: Presidency
President Andres Manuel López Obrador confirmed that he would propose to the current Undersecretary of Expenditure of the Ministry of Finance and Public Debt, Victoria Rodriguez Ceja, to become the next governor of Banco de Mexico (Photo: Bancoco) Photo: Presidency

Instead, he assured that the previous candidate, Arturo Herrera, secretary of the Ministry of Finance and Public Debt, was seen by the markets as more moderate.

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For his part, Rodriguez Ceja pointed out that in terms of being approved by the Senate of the Republic your main goal will be fight inflation And don’t touch the international reserves.

While Rogelio Ramírez de la O, head of Finance and Public Debt Secretariat ,SHCP), assured that Victoria was an honest and capable woman, which is why she was in favor of the application to become the state‘s first female governor. bank of mexico (Banxico).

“It scares the markets”: The Financial Times describes Victoria Rodriguez’s nomination to Banxico (Photo: Twitter / @R_Ramirez_O)

Rodriguez Ceja has a degree in economics from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and a master’s degree in economics from the Colegio de México (Colmex). It specializes in the field of Public finance on budgetary, financial and credit issues,

He was Under Secretary of Expenditure for the Government of Mexico City during the administration of Miguel Angel Mancera and was part of the team of the former Secretary of the Treasury, Carlos Urzua 18 years ago, when Andres Manuel López Obrador, head of government of the capital.

She was also an advisor to the Secretary of Finance, director of credit at the Ministry of Finance of the Government of Mexico City, and director of finance at CDMX Metro.

For his part, Rodriguez Ceja pointed out that if it is approved by the Senate of the Republic, its main goal would be to combat inflation and not touch international reserves. Photo: Daniele Augusto / CUARTOSCURO.COM
For his part, Rodriguez Ceja pointed out that if it is approved by the Senate of the Republic, its main goal would be to combat inflation and not touch international reserves. Photo: Daniele Augusto / CUARTOSCURO.COM

Rodriguez Ceja was proposed as the head of the Finance Budget Control Unit in the incoming López Obrador government. But already in the government, she became the Under-Secretary of Expenditure, Ministry of Finance, a position she held till this Wednesday.

You have a task in the situation Design spending for López Obrador’s social events, who are one of the central axes of his government,

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