Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Mexico

Sources: Mexico's President Asks Central Bank Head Carstens to Stay Through November

Carstens was set to step down at the end of June to take the top post at the Bank for International Settlements in October

File photo of Agustín Cartens, photo: Cuartoscuro/Isaac Esquivel
By Reuters Whatsapp Twitter Facebook Share
1 month ago

MEXICO CITY – Mexico’s central bank chief, Agustin Carstens, will remain in office until the end of November, a spokesman for the president said on Monday, amid uncertainty about the impact of U.S. President Donald Trump’s policies on Latin America’s No. 2 economy.

Mexican President Enrique Peña Nieto asked Carstens to stay until Nov. 30, according to the spokesman at the president’s office, who asked not to be identified. Carstens was set to step down at the end of June to take the top post at the Bank for International Settlements in October.

A source at the central bank said Carstens had accepted, adding that the widely respected governor had offered to stay longer.

Mexico’s peso sank to a record low following the November election of Trump, who has threatened to slap tariffs on Mexican-made goods and renegotiate the North American Free Trade Agreement among the United States, Mexico and Canada.

The currency also took a hit when Carstens, who has headed the central bank since 2010, announced on Dec. 1 he would leave his post more than four years before the end of his second six-year term, sparking criticism he was leaving at a bad time for Mexico.

The peso did not move on news of Carstens extending his stay at the Banco de Mexico, although U.S. markets were closed for the Presidents Day holiday. The peso was trading about 0.25 percent stronger on Monday.

The weak peso has fanned inflation. Mexico’s Central Bank (Banxico) raised its benchmark interest rate to a nearly eight-year high earlier this month after a steep hike in gasoline prices pushed annual inflation to its highest level in more than four years.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

Emaar Malls Offers $800M for Souq.com Am ...

8 hours ago
Sports

Senators Urge USA Hockey to End Dispute ...

8 hours ago
World

North Korea Tests Rocket Engine - U.S. O ...

9 hours ago
Business

Uber Resumes Self-Driving Car Program af ...

9 hours ago
Most Popular

Spring Breakers Arrive to Isla Mujeres a ...

By Notimex
Mexico

EU Approves Projects to Promote Energy T ...

By Notimex
Mexico

Newton Loses Steam in U.S. Southwest

By The Associated Press
Mexico

UAEM Nominates Father Alejandro Solalind ...

By The News
Mexico

Amparo in Response to the Gasolinazo

By Hortensia Gutiérrez
Mexico