Economics
Mexico’s Central Bankers Raise Alarm Over Surge in Violence
- Some see virus shock deepening challenge of shaky rule of law
- One member worried economy can’t withstand levels of violence
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Some of Mexico’s central bankers are increasingly concerned that the shock of the coronavirus outbreak adds to the headwinds facing the economy due to “the deterioration of the rule of law” and policy decisions that are discouraging investment.
Two of the five members of Mexico’s central bank board expressed their concern in minutes from their emergency April 21 policy meeting in one of their strongest rebukes yet to policy decisions by the administration of President Andres Manuel Lopez Obrador.