Mexico welcomes head of central bank and Supreme Court judge

Mexico welcomes head of central bank and Supreme Court judge

But there was little room for celebration about the nomination of Victoria Rodríguez Ceja to head the Bank of Mexico. She still must be approved by the Senate. On Wednesday, the Mexican peso dropped to 21.44 to $1, chalking up a loss of almost 2.5% in two days. And the country’s statistics institute said annual inflation was running at about 7% in late November, neither of which are good signs.

The move comes one day after another female justice was named to the Supreme Court. “Women continue to be a priority,” President Andrés Manuel López Obrador said Wednesday. “For the first time, a woman is going to head the Bank of Mexico.” Banco Base said in a report that the nomination of Rodríguez Ceja, who currently serves as an assitant finance secretary, “was a surprise for markets and generated uncertainty about expectations for the central bank’s monetary policy.”

The central bank has been slow to raise its base interest rate, currently around 5%. But the bank has to walk a fine line to avoid choking off the economic recovery from the coronavirus pandemic. On Tuesday, Loretta Ortiz was named to Mexico’s Supreme Court, four of whose 11 justices are now women.

The News Highlights

  • Mexico welcomes head of central bank and Supreme Court judge
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Offers on Samsung Galaxy Watch 4 and Watch Active for Cyber ​​​​Monday
Offers on Samsung Galaxy Watch 4 and Watch Active for Cyber ​​​​Monday
As you check out all the great deals on Android smartwatches, you’ll see there are plenty of sales to go around. The newest models in the Galaxy Watch series ...
International Personal Finance Q3 Profit Receipts
International Personal Finance Q3 Profit Receipts
Write to Joe Hoppe at joseph.hoppe@wsj.com Shares at 0926 GMT were down 6.0 pence, or 4.7%, at 121.4 pence. The company said its strategy for rebuilding is ...
Starling Mars and the Mets have agreed to a four-year contract, according to MLB reports
Starling Mars and the Mets have agreed to a four-year contract, according to MLB reports
Jon Heyman of MLB Network broke the news late Friday night. The New York Mets and outfielder Starling Marte have agreed on a four-year, $78 million ...
Sizes of Samsung Galaxy S22 phones have been revealed in the latest image leaks
Sizes of Samsung Galaxy S22 phones have been revealed in the latest image leaks
The Samsung Galaxy S22 Ultra is clearly the largest of the three smartphones, and takes a more Galaxy Note-like approach to its design, with squared corners ...
When Mark Henry's mother died, Vince McMahon said something to him on the phone.
When Mark Henry’s mother died, Vince McMahon said something to him on the phone.
And Vince, he played favorites. Because just like us, we all play favorites. And Vince liked men. He liked guys to be respectful. But he also wants to say ...
Customers in Turkey are being turned away from Apple stores as sales of Turkish products continue to be disrupted
Customers in Turkey are being turned away from Apple stores as sales of Turkish products continue to be disrupted
The suspension is due to quick currency swings, since the Turkish lira has fallen sharply in recent days, and store employees are informing consumers that ...
Out of the news: better COVID-19 data needed
Out of the news: better COVID-19 data needed
That enables a world of positives for kupuna, many of whom have suffered depression, anxiety or cognitive decline due to lack of in-person contact with loved ...
DC Universe Online designers are working on a Marvel MMO
DC Universe Online designers are working on a Marvel MMO
The presentation, which was made public by Enad Global 7, the parent company of DC Universe Online and EverQuest, revealed that the GeForce Now leak about an ...
Can you unload a millionaire with just ETFs?
Can you unload a millionaire with just ETFs?
There are ETFs that invest in broad swaths of the market, as well as specific indexes, sectors, investment styles, or just about any segment of the market ...
How about 'Monkey Business' in Clinton?
Refer friends to #Binance and get some encryption for your efforts. – Last Tweet by Binance Coin
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, ...
Show next
We will be happy to hear your thoughts

      Leave a reply

      Compsmag - Latest News In Tech and Business
      Logo