Published on Gold Anti-Trust Action Committee (http://www.gata.org)

New member of Mexican central bank's board wants transparency

By cpowell
Created 2018-10-07 18:41

Negroni-Sipping, Cigar-Smoking Economist Set to Shake Up Banxico

By Eric Martin
Bloomberg News
Sunday, October 7, 2018

Jonathan Heath is ready to liven up the stuffy world of Mexico's central bank.

The economist tipped by President-elect Andres Manuel Lopez Obrador as his first board nominee doesn't wear neckties and has no plans to start now.

... Dispatch continues below ...


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Things he does intend to do: keep his personal Twitter account (where his photo shows him with a Negroni -- his favorite cocktail -- while puffing a cigar); continue writing his Reforma newspaper column; and avoid events he can't reach via Mexico City's ubiquitous Ecobici bike share. Heath, who says he takes a balanced, data-driven view of monetary policy, also wants the bank to be more accessible to the public and its decision-making more understandable. ...

"We have to improve communication, transparency and to explain to people why rates are going up," Heath said over breakfast near his home in Mexico City. "The reports that the central bank publishes are for people who are ‘initiated,' for people who already know. But there's nothing there for normal people." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-10-07/negroni-sipping-cigar... [4]

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