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AMLO Proposes Galia Borja As Banxico Board Member

MEXICO

Currently the Treasurer of the Ministry of Finance, Galia Borja will become the second member of the current Banxico Governing Board from the Treasury, after Irene Espinosa, current deputy governor.

  • This previous experience in the Treasury would potentially show a more moderate attitude, according to Gabriel Lozano, chief economist for Mexico at JPMorgan Chase & Co.
  • She replaces Guzman, notably a slightly more hawkish member of the board.

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