Bankers celebrate that Ramírez de la O remains at the head of the Treasury

“We express our most sincere congratulations to the secretary for this important vote of confidence in his capacity and leadership at the head of the country’s public finances,” highlighted the ABM.

The announcement by the banking union occurs after the Mexican Stock Exchange had its worst performance since the start of the pandemic on Monday and given the appreciation of the exchange rate, a behavior that was described by analysts as “uncertainty.”

In addition, the shares of the main banks in Mexico had drops of up to 20% in value, especially in Regional, Banco del Bajío and Banorte.

Given the volatility in the markets, the Secretary of the Treasury himself had to leave this Tuesday morning to give a message to investors in which he highlighted that there would be a reduction in debt and promised to update information with rating agencies and investors about the country’s macroeconomic stability.

Last April, bank managers in Mexico told Expansion that they expected continuity and respect for the rule of law .