Central Bank Governor of the Year 2008: Guillermo Ortiz, Mexico

Mexico’s central bank governor has achieved rock-star status with his tough line on inflation by standing up to the president’s pressure to reduce interest rates.

Ortiz hits all the right notes

Guillermo Ortiz, Mexico’s central bank governor

Guillermo Ortiz, Mexico’s central bank governor

Mexicans are accustomed to disappointment on the international stage, losing to the US in the World Cup football preliminary rounds and struggling to win more Olympic gold medals over a century than Michael Phelps won in Beijing. Graft and tax evasion are Mexico’s national sports, Mexicans say. In monetary policy, though, Mexico is considered world-class and Guillermo Ortiz, Mexico’s central bank governor, can take the credit for that.

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