Mexico’s president asks central bank head Carstens to stay through November

2/20/2017 Reuters
carstensMexico’s central bank chief, Agustin Carstens, will remain in office until the end of November, a spokesman for the president said on Monday, amid uncertainty about the impact of U.S. President Donald Trump’s policies on Latin America’s No. 2 economy.

Mexican President Enrique Pena Nieto asked Carstens to stay until Nov. 30, according to the spokesman at the president’s office, who asked not to be identified. Carstens was set to step down at the end of June to take the top post at the Bank for International Settlements in October.

A source at the central bank said Carstens had accepted, adding that the widely respected governor had offered to stay longer.

Mexico’s peso sank to a record low following the November election of Trump, who has threatened to slap tariffs on Mexican-made goods and renegotiate the North American Free Trade Agreement among the United States, Mexico and Canada.

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