The new Bangko Sentral ng Pilipinas (BSP) governor is as Filipino as they come from his use of the mother tongue to making basketball references in his first official speech at the central bank. Know more:
rin, galingan pa natin para hindi tayo matsambahan!” [Do you recall the NBA finals in June? I feel like we’re the Denver Nuggets. Weren’t they great, espcially Nokila Jokic? But in Game 2, the Miami Heat stole the thunder from them. Coach Michael Malone must have told the Nuggets, ‘let’s all do better, so this won’t happen again!’ So, also, here in BSP, I hope we all do better so that we don’t lose by chance].
Meanwhile, his predecessor, Felipe M. Medalla said BSP was “very very fortunate to have him [Remolona] here.” In a previous press chat, Medalla told reporters that he and Remolona rarely had differences in voting when it came to central bank matters. “As Covid-19 lingered and work-from-home arrangements continued, we managed to ensure the uninterrupted supply of money across our country, kept the banking system strong and stable, made our financial system even more inclusive, battled record-high inflation—by the way, at the rate it’s going, 18 straight months of above-target inflation, three months longer than the previous record—and helped provide stability to our economy. We did these together!” Medalla said.
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