Duterte Says Finance Secretary’s Recommendation Key to Decision on New Central Bank Governor

President Rodrigo Duterte said he would wait for Finance Secretary Carlos Dominguez’ recommendation before deciding on who to appoint as the next head of the Bangko Sentral ng Pilipinas (BSP, Philippine central bank). This means that two BSP deputies, Diwa Gunigundo and Nestor Espenilla, may be regaining the upper hand, as Dominguez has said that he prefers those from the ranks or the academe rather than former commercial…

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