“We are going to accommodate ourselves perfectly well with the next government”: ABM

The choice does not worry

With each change of six-year terms, uncertainty in the markets used to be present, however, in the current electoral process, bankers consider that there is nothing to worry about and highlight the strength of the exchange rate.

“The issue of the election in Mexico is not a cause for concern, which could have an impact on volatility,” said Raúl Martínez Ostos, general director of Barclays.

He explained that in other electoral processes, the volatility with which the Mexican peso was shown was an example of the concern that arose regarding the change of president of Mexico, however, this year the same is not happening.

“We are seeing it, even in the strength of the peso, generally the changes every six years when the electoral process takes place, there is more volatility in the exchange rate, it is like the valve that reflects that concern and today there is not one, I think that a good institutional framework has been created in Mexico, and we do not see a major issue, regardless of the result,” he indicated.

2024 is a key year not only for Mexico, but also for the United States, since in both countries there is an electoral process underway to elect their next president.

In this regard, Julio Carranza, president of the Association of Banks of Mexico, considered that the statements that arise as part of the electoral process will cause “noise”, however, he highlighted that the bilateral relationship is good.

“We are going to have many statements, there will surely be political noise regarding the statement made by the United States candidates and that will certainly cause political expectations in Mexico, but it is part of this entire political period. The relationship remains extraordinary,” he highlighted.