Banxico adjusts after Carstens’ resignation

Banxico adjusts after Carstens’ resignation

People Corporate & Sovereign Strategy Economy & Policy Mexico

Markets are cautiously waiting for news from Mexico's central bank, after Agustín Carstens resigned as governor in December. The announcement came just weeks after Donald Trump’s victory in the US presidential election sent Mexican markets into a tailspin. While the resignation does not have negative implications for governance, it came as a shock to the markets. The governor, who will depart in July, is “one of the most respected figures” in the financial community, says one Mexico City-based investment banker. "His replacement has big shoes to fill.” Carstens' successor is expected to be another strong, credible figure who can extend Banxico's solid policymaking record, analysts said. But

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