Senate receives nomination from Victoria Rodríguez Ceja as governor of Banxico – El Financiero

The Senate of the Republic received this Thursday the nomination of Victoria Rodríguez Ceja as governor of the Bank of Mexico.

The proposal was made this week by President Andrés Manuel López Obrador.

The upper house also received a folder with the documentation of Rodríguez Ceja, who is currently Undersecretary of Expenditures in the Ministry of Finance.


President López Obrador defended his change of proposal on Thursday, this after he reconsidered the nomination of Arturo Herrera to head the Central Bank.

The head of the Executive remarked that Rodríguez Ceja complies with the necessary profile to be governor of Banxico.

“She manages the entire budget, we are talking about 6 billion pesos, which has to maintain the balance, which has to adhere to what is authorized in the budget in Congress, so you cannot spend more than what is authorized. How can you not have experience?”, He remarked.

From Zacatecas, the president ruled out having a ‘plan B’ prepared in case the Senate does not endorse his proposal in the coming days.

“(The senators) are going to approve it. It would be nonsense, it would be to act in bad faith and most of the senators are responsible people ”, he affirmed.

Rodríguez Ceja thanked the president for his nomination to Banxico and assured that among his main tasks will be to fight inflation (which in November reached its highest level in 20 years) and to comply with the autonomy of the Central Bank.

What requirements must Rodríguez Ceja meet to be governor of Banxico?

According to the Organic Law of the Central Bank, article 39 stipulates the three necessary requirements to be able to belong to the Governing Board:

  • The candidate must be a Mexican citizen and must not be over 65 years of age as of the start date of the period during which they will hold the position.
  • The person must have occupied senior positions in the Mexican financial system for at least five years, as well as having recognized monetary competence.
  • Not having any sentence for any crime and not having been removed from any position on the Governing Board, unless this has been due to a physical disability that has already been overcome.

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