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March 26, 2022
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Galia Borja rules out vulnerability to the autonomy of Banxico

Galia Borja rules out vulnerability to the autonomy of Banxico

“No, I don’t think there is any danger, I can say that the decision was made by the 5 members of the Governing Board,” he said during his attendance at the 85th Banking Convention being held in the port of Acapulco.

Borja added that he learned of the president’s statements while traveling to the Convention.

“It is an important decision, it was unanimous, what we wanted to say is in the statement. There are communication channels,” he said.

The deputy governor commented that she learned of the declarations of the President of the Republic while traveling to the Convention and that in the following hours the members of the Governing Board could meet to discuss this morning’s leak.

Galia ruled out that they will request that cabinet members stop participating in monetary policy meetings.

This morning, President Lopez Obrador announced that Banxico raised the rate by 50 basis points without mentioning who notified him in advance, in violation of the confidentiality of the Bank of Mexico Law.



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