Mexico president apologizes for revealing central bank rate hike | The Guardian Nigeria News - Nigeria and World News

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Mexican President Andres Manuel Lopez Obrador apologized Thursday after he surprised financial markets by revealing that the nation's autonomous central bank had decided to hike interest rates, hours before an official announcement.

Mexican President Andres Manuel Lopez Obrador waves at the end of the inauguration ceremony of the new General Felipe Angeles International Airport in Zumpango, Mexico State, Mexico, on March 21, 2021.

The decision “was made unanimously by the Bank of Mexico and we respect its autonomy,” he said, without revealing how he obtained the information. He reiterated his “commitment to respect the autonomy of the Bank of Mexico,” prompting applause from the audience. “That it is the president who does it raises concerns about the autonomy of the central bank,” she added.

Source: Financial Digest (financialdigest.net)

 

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