Philippines president yet to decide on next central bank governor, says finance minister

MANILA, June 9 (Reuters): Philippines President Ferdinand Marcos Jr has yet to decide on the country's next central bank governor, finance minister Benjamin Diokno told reporters on Friday.

Outgoing Bangko Sentral ng Pilipinas Governor Felipe Medalla's term ends on July 3.

Diokno, who was Bangko Sentral ng Pilipinas (BSP) governor from March 2019 to June 2022, told reporters he has no interest in going back to the central bank.

He said the decision on who becomes governor was not his to make.

Medalla, 73, an economist and educator who has an economics doctorate from the United States, was appointed governor in July last year and has served under four Philippine presidents since the 1990s. He was economic planning minister from 1998 to 2001.

He has steered the BSP during its series of rate hikes to battle elevated inflation. His term ends on July 3. - Reuters

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Philippines , Central Bank , New Governor


Next In Aseanplus News

Anwar: Don't make guests wait at govt events
Ringgit set to stay at RM4.68-RM4.69 range against the US dollar this week, current range set to be maintained
Bursa Malaysia likely to ease to 1,400 level this week
Home fans in tears and left shell-shocked as South Korea whitewash China for 'precious' badminton gold in Hangzhou
Thailand sees RM18.8bil revenue from China tourism after visa waivers
Athletics official in stable condition after being hit by hammer at the Hangzhou Asian Games
Budget 2024 to focus on healthcare facilities, says Anwar
India's Aditi Ashok blows seven-shot lead as Thailand sweep women's golf golds at Hangzhou Asian Games
Haze: Unhealthy air levels recorded in several states
Tennis-Flawless Kudermetova dismantles Pegula to claim Tokyo title

Others Also Read