Carstens named Euromoney Central Bank Governor of the Year 2013

Agustín Carstens, the governor of the Bank of Mexico, has been named Euromoney’s Central Bank Governor of the Year 2013.

Press release

Carstens will receive this award during a private presentation at the World Bank/IMF annual meetings in Washington this week.

In commending Carstens for his stewardship of Mexican monetary policy, Euromoney says: “Agustín Carstens is an orthodox central banker in an unorthodox world. Inheriting an impressive legacy, he has continued the Mexican central bank’s inflation-targeting work while keeping a pragmatic eye on growth.

“Growth potential is almost unrivalled and Carstens seems intent on ensuring that Mexico’s voice is heard in a new, multi-polar financial world.”

Fiercely independent, the Mexican central bank has indeed been true to its inflation-targeting strategy during the long, slow Mexican recovery, which Euromoney says has won the bank credibility and respect – and, more importantly, a sound economic basis for future growth.

Mexico has inflation under control and room for monetary easing if external shocks hit growth. It is this orthodoxy that Carstens embodies, Euromoney says.

Euromoney, the world’s leading publication for the global banking and finance industry, has been nominating a Central Bank Governor of the Year award for more than three decades. The previous three winners include Israel’s Stanley Fischer in 2010, Zhou Xiaochuan of China in 2011 and Canada’s Mark Carney last year.

Euromoney’s decision is based on three factors: the opinions of a committee of Euromoney’s senior editors, which is chaired by Euromoney’s editor Clive Horwood; the views of the world’s leading bankers, which we seek out in background meetings; and the analysis of the contributors to Euromoney Country Risk (ECR), which has more than 400 economists around the world contributing on a regular basis, as well as data sourced and compiled by ECR.

For an in-depth interview with Agustín Carstens, read Euromoney’s October issue or online at www.euromoney.com/FM.

For more information, contact:

Euromoney – Clive Horwood, editor Chorwood@euromoney.com  

Rob Dwyer, Latin America editor, latam@euromoney.com  

More information on the Central Bank Governor of the Year