Mexico’s Central Financial institution Nominee Fuels Issues About Independence

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MEXICO CITY—The shock nomination Wednesday of a little-known economist as the subsequent head of Mexico’s central financial institution raised issues about whether or not the financial institution would be capable of retain its independence below President Andrés Manuel López Obrador because the nation struggles with rising inflation.

Mr. López Obrador, a leftist nationalist, nominated Deputy Finance Minister Victoria Rodríguez as the subsequent governor of the Financial institution of Mexico, sparking a pointy depreciation of the peso. Traders and analysts expressed issues about whether or not she was sufficiently certified for the submit.