President Ferdinand R. Marcos, Jr. thanked Governor Medalla for having served as the first BSP Governor during his administration. MBOpinions READ:
Bangko Sentral ng Pilipinas Governor Felipe M. Medalla completes today 12 years of service in the Monetary Board and as head of the country’s central monetary authority.
In fact, Fitch forecasts a medium-term domestic output of over six percent, which, it said, is “considerably stronger than the ‘BBB’ median of three percent.” While noting that the pace of the country’s post-pandemic recovery was slowing down, it noted that“ ongoing reforms to the business environment and investment regulations create upside potential for growth.”
Such favorable assessment of the BSP’s stewardship of monetary policy reflects steady leadership on the part of the outgoing Governor who, since 2011, had served, too, with distinction as a Monetary Board member. His successor, new BSP Governor Eli M. Remolona takes on this crucial post with ample reserves of public goodwill and approbation. Indeed, the BSP during Governor Medalla’s one year leadership stint — and 11 years as MB member — has been well served.
His academic credentials are impeccable: Ph.D. in Economics from Northwestern University in Evanston, Illinois and M.A. in Economics from the University of the Philippines. A certified public accountant, he graduated cum laude from De La Salle University with an economics-accounting degree. He served as dean of the UP School of Economics. He taught at the UP School of Economies for two decades and served as its dean in 1994-1998 prior to his appointment to President Estrada’s Cabinet.
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