Discard Gabriel Cuadra to be a hawk in monetary policy

Gabriel Cuadra García, recently appointed subgovernor of the Bank of Mexico (BDEM), replacing Irene Espinosa, who concluded his period at the end of 2024, premiered at his first monetary policy board voting for a decrease in half a percentage point at the rate of reference interest.

On the afternoon of February 6, unanimously, the Senate approved the appointment of Cuadra García as a member of the BDEM Governing Board for a seven -year period that includes from the date of its approval until December 31, 2032.

In a brief intervention at the conference where the last quarterly report of 2024 was presented, Cuadra defined its monetary position as neutral, that is, it is not considered hawk y paloma.

You will ask what values ​​I could assign to a monetary rule and in that sense I would consider myself neutral.