Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
Central banks should decouple from short-term political cycles and harness their independence to resist the rise of populist leaders, said Alejandro Díaz de León, governor of the Bank of Mexico.
In a speech today (May 23) at Central Banking’s National Asset-Liability Management conference in Mexico City, Díaz de León analysed the role central banks in emerging countries can play to promote growth and stability.
“Idiosyncratic risks are becoming increasingly important in political as well as
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