Women who decide monetary policy

The nomination of Victoria Rodríguez Ceja as Governor of the Bank of Mexico will allow Mexico to enter the handful of central banks led by women.

A review that El Economista made of the leadership in the 190 central banks and monetary authorities of the world that are part of the International Monetary Fund (IMF) allows us to see that there are 15 central bankers of the planet that have dealt with the financial shock of the last 24 months. the pandemic and that they have structured monetary policy to stimulate the economy. Either as governors, presidents or directors.

The president of the European Central Bank (ECB), Christine Lagarde; Lesotho Central Bank Governor Adelaide Retselistsoe Matlanyan; as well as the governor of the central bank of Malaysia, Nor Shamsiah Mohd Yunus.

In this group of central bankers of the world, there are also the governor of the National Bank of the Republic of Macedonia, Anita Angelovska Bezhoska; the Governor of Russia, Elvira Niabiullina; the Governor of the Central Bank of Seychelles, Caroline Abel and the Governor of the National Bank of Serbia, Jorgovanka Tabakovic.

If we extend the observation to the collegiate bodies of central banks, we can find a greater female participation, as is the case of Banxico, where there are two deputy governors: Irene Espinosa and Galia Borja.

At the same ECB is Vice President Sabine Lautenschlager, as well as Isabel Schnabel, a member of the Board of Governors.

Next year the United States Senate would approve Lael Brainard’s nomination as vice president of the Fed.

This will be the second time that the largest central bank on the planet has a woman occupying the vice presidency. Before Brainard, Janet Yellen herself held the position before also becoming the country’s first central banker.

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