Bank of Mexico Governor Agustín Carstens Steps Down as Peso & Stocks Slide Agence France-Presse
go to original December 3, 2016

Carstens: Why I'm Leaving Mexico's Central Bank (Bloomberg)

Mexico's central bank chief Agustin Carstens resigned on this week, sending the peso on its latest plunge since Donald Trump won the US presidential election last month.

Carstens, who had compared Trump with a maximum Category Five hurricane because of his tough stance toward Mexico, will step down on July 1 next year, the Banco de Mexico said in a statement.

He is leaving to take up the post of general manager of the Bank for International Settlements, the Switzerland-based bank for central banks.

Analysts describe Carstens as a steady and experienced hand at the tiller amid a period of volatility for Latin America's second-largest economy.

A former deputy managing director at the International Monetary Fund, he became central bank chief in 2010 after serving as finance minister from 2006 to 2009.

Read the rest at Yahoo

Related: Mexican Peso Continues to Crumble Following Resignation of Central Bank Head (PanAm Post)

Related: Mexico's Carstens Prefers Prudence on Hikes Amid Uncertainty (El Universal)

Related: WSJ Interview: Mexico’s Carstens Says Monetary Policy Needs Help Aiding Economies (The Wall Street Journal)

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