Overview

• Sheinbaum emphasized that there is no plan to pursue constitutional or legislative changes and that the debate will remain among financial institutions.
• The proposal invoked the U.S. Federal Reserve’s dual mandate as a comparative example for pairing inflation control with growth objectives.
• Economist Alfredo Coutiño and other experts say a constitutional fiscal rule would be necessary to align monetary and fiscal policies and to protect Banxico’s independence.
• Raymundo Tenorio argued that employment promotion remains a fiscal responsibility of the Finance Ministry and that Banxico lacks the tools to directly stimulate job creation.
• Analysts including Janeth Quiroz and Óscar León warn that Mexico’s susceptibility to external shocks and recent inflationary pressure make a near-term shift to a dual mandate impractical.