Victoria Rodríguez Ceja promised to comply with the autonomy of Banxico and not touch the reserves

(Screenshot)
(Screenshot)

Victoria Rodriguez Ceja, the one nominated by the president Andrés Manuel López Obrador (AMLO) for the governorship of Banco de México (Banxico), pointed out that in case of being ratified by the Senate of the Republic your main goal will be fight inflation and not touch international reserves.

Likewise, the still Undersecretary of Expenditures, undertook to respect autonomy of the central bank, which has been one of the main doubts among market analysts. She said this through a video, in which it is her first statement after being nominated and where she appears accompanied by Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit (SHCP).

“My commitment is to fight inflation, not to touch international reserves and to comply with the autonomy of the Bank of Mexico”

Rogelio Ramírez de la O (Photo: Twitter / @ R_Ramirez_O)
Rogelio Ramírez de la O (Photo: Twitter / @ R_Ramirez_O)

This morning during his morning conference, López Obrador surprised by making Rodríguez Ceja’s nomination official after reconsider the appointment of Arturo Herrera, who served as his Secretary of the Treasury.

She is a woman with criteria, autonomous, independent, an integral womanShe is not a technocrat who receives instructions as she was before; from the Secretary of the Treasury, from the President, that has already gone down in history, ”said the president.

For his part, Rogelio Ramírez de la O, who relieved Herrera, recognized in the same video the capabilities of the official and congratulated that she is the first woman nominated to direct the country’s monetary policy efforts.

“She is an official, honest, competent and highly respected by, in her practice as Undersecretary of Expenditures, she never allowed a deviation from the goal in the fiscal balance approved by the Congress of the Union, we are pleased by the fact that she would be the first woman in occupying this important position “

Facade of the Bank of Mexico in the Historic Center of CDMX (Photo: Cuartoscuro)
Facade of the Bank of Mexico in the Historic Center of CDMX (Photo: Cuartoscuro)

Similarly, he pointed out that the government and the agency under his charge they will stay out of the decisions that as an autonomous entity considers Banxico, so its performance should not be a concern for anyone.

And it is that the objective of central banks is to maintain low and stable inflation, through different functions, such as establish an interest rate that serves as a reference for financial institutions.

Rodríguez will arrive in Banxico in a context of high inflation worldwide due to the stoppage of activities to reduce the spread of COVID-19. Meanwhile, this morning the National Institute of Statistics and Geography (Inegi) He reported that inflation in Mexico reported its highest rise in 20 years, during the first fortnight of November.

If ratified by the Upper House, she would be the first woman in charge of Banxico (Photo: File)
If ratified by the Upper House, she would be the first woman in charge of Banxico (Photo: File)

She has a degree in Economy by the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and has a Master in Economics by the Colegio de México (Colmex).

It has been developed in the area of ​​public finance, highlighting its participation in budget issues, financial and debt.

She has held different positions in the public administration, among which the following stand out: Undersecretary of Expenditures in the Federal Ministry of Finance, which is the position she has held since the beginning of the current federal administration until today.

During his tenure, he was in charge of direct and control planning in terms of programming and budgeting of the agencies and entities of the federal public administration.

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