If the president acts as a head of state, he must ratify Guillermo Ortiz as governor of the Bank of Mexico for a third term. Said official has hand over magnificent results over the course of his 12 years at the head of the central bank. His principal mandate has been achieved: keeping inflation low in a country with structural inflationary tendencies. Certainly there have been years in which the annual goal of the Bank of Mexico hasn't been reached, but since 2001 price growth has been in single digits, which hasn't happened since the '60s.He adds that Ortiz was always more realistic about the present crisis than Carstens, his chief competition for the job. Agreed. It's easy to take for granted, after 10 years of relative economic and monetary stability, the lack of precedent for Ortiz's steady hand. Carstens is an accomplished official with a lot of experience, but the guys who led Mexico's finances into crisis in generations past weren't exactly economic neophytes. Calderón should reward the singularity of Ortiz's performance rather than loyalty of his finance secretary.
Update: Right about the time I was hitting "publish post" on the above, Calderón proposed Carstens.
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