Economics
AMLO Denies Banxico Governor a New Term, Wants Social Focus
- Mexico’s president says he’ll tap an experienced economist
- AMLO has said Diaz de Leon is close to past administrations
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Mexico’s President Andres Manuel Lopez Obrador ruled out a second term for central bank Governor Alejandro Diaz de Leon, potentially opening up a period of uncertainty for the traditionally conservative monetary authority.
The president, known as AMLO, said on Friday he will pick an economist with “a lot of prestige” and more attuned to Mexico’s social needs to lead the bank when Diaz de Leon’s term concludes at the end of the year. The Senate would need to ratify his choice.