Leadership shake-up to test Mexican central bank as inflation soars
Mexican President Andres Manuel Lopez Obrador’s surprise shakeup of the nomination process for the Bank of Mexico’s (Banxico) next chief has cast doubt over the bank’s rate-tightening cycle as it battles to keep high inflation in check. Lopez Obrador, a leftist populist who has already placed three of Banxico’s five board members, scrapped former Finance Minister Arturo Herrera’s candidacy. Instead, he proposed a relatively unknown senior finance ministry official, Victoria Rodriguez, as the first woman to run the bank.
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