Economic network

Mexico secures female central bank president and Supreme Court judge

MEXICO CITY (AP) – Mexico’s president on Wednesday appointed the country’s first female governor of the country’s central bank, saying putting women in high office was a priority.

The decision comes a day after another female judge was appointed to the Supreme Court.

“Women remain a priority,” President Andrés Manuel López Obrador said on Wednesday. “For the first time, a woman will head the Bank of Mexico.

But there was little room for the celebration of the appointment of Victoria Rodríguez Ceja as head of the Bank of Mexico. It has yet to be approved by the Senate.

On Wednesday, the Mexican peso fell to $ 21.44 to $ 1, posting a loss of nearly 2.5% in two days. And the country’s statistics institute said annual inflation was around 7% at the end of November, which is not a good sign.

Banco Base said in a report that the appointment of Rodríguez Ceja, who currently holds the post of Deputy Finance Secretary, “came as a surprise to the markets and generated uncertainty about expectations regarding the central bank’s monetary policy.” .

The central bank has been slow to raise its key rate, currently around 5%. But the bank must walk a fine line to avoid stifling the economic recovery after the coronavirus pandemic.

Loretta Ortiz was appointed to Mexico’s Supreme Court on Tuesday, four of whose 11 judges are now women.

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