Daily Archives: December 9, 2009

Rumours are circulating that Mexico’s centre-right president wants a new central bank governor.

The speculation has gone down badly with bankers, who respect the incumbent, Guillermo Ortiz, and want him to remain in office while the country struggles with recession. Mr Ortiz, identified more with the opposition party, also chairs the board of the Bank for International Settlements, the central bank for central banks. 

Glenn Stevens said on Tuesday that the central bank will take rising Australian mortgage rates into account when it sets monetary policy. The governor of the Reserve Bank of Australia also said a “neutral” level for Australian interest rates may be lower than previously forecast with widening margins between benchmark and mortgage rates.