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Significance
Urzua’s abrupt departure is the most high-profile that AMLO has experienced in his seven months in office.
Impacts
The peso will be volatile for some time but a tight monetary policy should avert any long-term depreciation due to Urzua’s resignation.
His resignation deprives the government of an individual trusted by the markets to contain the government’s most statist members.
Herrera is known to favour lower interest rates, but there is no expectation that he will put undue pressure on the Bank of Mexico.
Keywords:
Mexico,
LA/C,
economy,
industry,
politics,
finance,
fiscal,
government,
opposition,
policy,
employment,
infrastructure,
investment,
oil,
debt,
exchange rate,
growth,
public sector
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2019
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