The markets have been expecting a policy shift for some time and the announcement has clarified several issues.
More Quotes from Guillermo Ortiz:
Parent banks' stakeholders are not necessarily the same as those of their subsidiaries. Moreover, their interests may diverge, especially during a crisis.Guillermo Ortiz
Host-country authorities need to encourage subsidiaries to strengthen their stand-alone abilities.
Guillermo Ortiz
We are going to have growth in the first quarter above 4.5 percent.
Guillermo Ortiz
This dominant position implies difficulties for promoting more competition and, as a result, for lowering prices.
Guillermo Ortiz
We expect vigorous growth for the first quarter of the year. If we continue having this type of industrial production data we will surely have to revise growth (estimates) upwards.
Guillermo Ortiz
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Everybody was on the same page. Nobody has really gone out there on a different musical journey. When we got back together again, we all wanted to do the same kind of music.
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Frank Murphy