The nomination of Omar Meja as the new board member of the Bank of Mexico was approved by Congress. The commission is a group of parliamentarians that meets while Congress is not in session. Mejia is a current central bank adviser who was not well-known before his nomination. The government’s choice for the newest Bank … Read more
Bank of Mexico Deputy Governor Jonathan Heath says rate hike likely at June 23 meeting. Inflation rose 7.65% in the 12 months through May, far above the central bank’s target. Banxico has an inflation target of 3% plus or minus one percentage point. Bank of Mexico Deputy Governor Jonathan Heath said on Friday that the … Read more
MEXICO CITY: Mexican President Andres Manuel Lopez Obrador has withdrawn his nomination of former finance minister Arturo Herrera to head the central bank, Herrera announced. Lopez Obrador had proposed his then finance minister in June to be governor of the Bank of Mexico, subject to approval by the Senate. “The president informed me a week ago … Read more
