Rodríguez Ceja agrees to senators to respect the autonomy of Banxico

Victoria Rodríguez Ceja attended the protocol of appearing before the Senate Finance and Public Credit Commission to be ratified as the first governor of Banco de México (Banxico). She arrived accompanied by the president of the Political Coordination Board of the Senate, Ricardo Monreal on the left side and escorted by the head of the Ministry of the Interior, Adán Augusto López.

Time and again he responded to opposition senators that he will seek to respect the autonomy of the Bank of Mexico and that its responsibility, if ratified by the law by the Senate, will be strictly adhered to by law.

In ordinary session of the Senate Finance Commission, he read a speech that ratified his commitment to preserve the stability of purchasing power.

Rodríguez Ceja only addressed one of the senators who questioned him by name, the first to speak, Luis Daniel Ortiz of Movimiento Ciudadano. The official responded about the atypical situation that is fueling rising inflation and relied on the public diagnoses and expectations of the Bank of Mexico itself to fix its position.

Immediately, Victoria Rodríguez commented that her position on the management of Banco de México reserves it was a recurring theme in the questions “from several” senators, so he decided to put them all together in a single answer.

He repeated over and over again that he participated in committees that involved Bancomext, Nafin and Banobras where they do liability management and hedging operations. When talking about his experience in monetary matters, he read a document that he affirmed that he prepared to clarify various doubts to point out that “since his tax competence he has had contacts in monetary matters.”

He assured that he has worked with him Bank of Mexico in his capacity as financial agent and that he does know about the development and placement of instruments since he participated in the placement of several in the Mexican Stock Exchange.

A document on monetary experience

He responded that he has all the requirements of the law to aspire to be part of the Governing Board, even when the senator of the PAN, Xóchitl Gálvez, told him that being undersecretary of the Secretariat of Finance of the government of Mexico City or undersecretary of Finance, are positions that could not be considered as high-level positions in the financial sector.

Strategists in London, New York and Washington have pointed out that Rodríguez Ceja does not have a single document in specialized publications on the monetary issue. The official read a document that she said she prepared exprofeso for this meeting, about her experience in this matter.

The senator of the PAN, Gustavo Madero, proposed to nominate her as a member of the Board and define until January who will be the Governor. This is to give you time to gain the experience you lack.

Legislators of Brunette, affirmed that she had all the requirements of the Law and the knowledge to reach the position to which she was nominated.

Unlike other credential review episodes, there was now a single round of questions from 14 senators. Some sixty questions poured out in a period of three hours, one after another, of which Rodríguez Ceja took note with a pen on loose sheets of paper.

The president of the Finance Commission in the Senate, a morenista, Alejandro Armenta Mier, helped him to order the pages to give a structure to his answers. And the same senator called a permanent session to resolve the nomination, citing again to set a position for December 2 at noon.


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