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AMLO Taps Mexican Treasurer Borja to Banxico in Dovish Tilt

  • Galia Borja to replace outgoing deputy governor Javier Guzman
  • AMLO also appoints Tatiana Clouthier as new economy minister
Galia Borja Gomez
Galia Borja GomezSource: Gobierno de Mexico
Updated on

Mexican President Andres Manuel Lopez Obrador nominated the treasurer of the country’s Finance Ministry as the next deputy governor of the central bank in what may be a dovish shift for the famously hawkish institution.

Galia Borja Gomez will replace Javier Guzman early next year, leaving the outgoing policy maker to weigh in on one final rate decision next week before his departure. AMLO, as the president is known, announced the appointment in his daily press conference early Monday as part of a number of personnel changes in his government.