The President of Mexico nominates the first woman to be the governor of the country’s central bank, stating that it is imperative for women to hold senior positions
MEXICO CITY-On Wednesday, the President of Mexico nominated the first woman to be the governor of the country’s central bank, stating that it is imperative for women to hold senior positions.
The move was made a day after another female judge was appointed as a Supreme Court judge.
However, Victoria Rodríguez Ceja’s nomination as President of the Bank of Mexico has little to celebrate. She still must be approved by the Senate.
On Wednesday, the Mexican peso fell to $21.44 per U.S. dollar, a drop of nearly 2.5% in two days. The country’s statistical agency stated that the annual inflation rate in late November was about 7%, and neither of these signs bodes well.
Banco Base said in a report that the nomination of Rodríguez Ceja, currently Assistant Secretary of Treasury, “surprised the market and brought uncertainty to the expectations of the central bank’s monetary policy.”
The central bank has been slowly increasing its base interest rate, which is currently about 5%. But the bank must proceed with caution so as not to hinder the economic recovery from the coronavirus pandemic.
On Tuesday, Loretta Ortiz was appointed as a judge of the Supreme Court of Mexico, and four of the 11 judges are now women.