AMLO Apologizes to Banxico for Announcing Rate Increase Early
- Mexico leader says preempting the central bank was a mistake
- Lopez Obrador had announced rate hike during morning presser
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Mexico’s President Andres Manuel Lopez Obrador apologized to members of the country’s central bank after announcing their key rate decision hours before the official release.
The president’s blunder at a press conference on Thursday morning sparked cries from economists that he had violated the Banco de Mexico’s autonomy, but at a subsequent banking conference Lopez Obrador said that it was all an honest mistake. The early announcement, the president said, was simply the result of him having received the information the night before.