Mexico's Senate rejects central bank nominee

The Mexican Senate rejected President Felipe Calderon's nominee for deputy governor of the Bank of Mexico on Thursday 8 March.

The Senate approved a measure passed by the Finance Committee late on Wednesday to oppose former Deputy Finance Secretary Carlos Hurtado's appointment by a vote of 68-45.

Opposition senators argued that Carlos Hurtado, a former deputy finance secretary, was in charge of government spending increases last year that led to inflation surpassing the central banks target.

Pab