Espenilla Bares Priorities, to Continue Tetangco’s Policies

Nestor Espenilla’s appointment affirmed President Rodrigo Duterte’s previous statements that he would delegate all economic/finance decisions to the economic team and that he would follow Finance Secretary Carlos Dominguez’ recommendation. Dominguez earlier said he favored a BSP insider for the top central bank position. Espenilla said he would continue Tetangco’s monetary policy approach and inflation-targeting scheme. He added that his priorities are financial inclusion, digitization of the financial system through the…

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