Rate in focus as Philippines awaits next central bank chief

The president’s choice will steer the central bank after an aggressive monetary tightening campaign to quell inflation that remains elevated. — Bloomberg

MANILA: Investors are bracing for Philippine President Ferdinand Marcos Jr’s choice on who will head the central bank in the next six years, with analysts seeking policy continuity.

Marcos will determine the Bangko Sentral ng Pilipinas’ (BSP) leadership in the coming weeks, as governor Felipe Medalla’s term is set to end by July 3.