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BSP, analysts welcome new Monetary Board appointment

The Philippine Star

|

July 14, 2024

The Bangko Sentral ng Pilipinas (BSP), economists and market analysts have welcomed the appointment of Walter Wassmer as the newest member of the Monetary Board.

- KEISHA TA-ASAN

Wassmer, as part of the central bank’s highest policy-making body, is expected to uphold the BSP’s priorities in keeping price and financial stability while promoting a safe and efficient payments and settlements systems.

“Walter Wassmer brings with him decades of banking experience which will prove invaluable to the policy-making body and the decisions of the Monetary Board,” BSP Governor Eli Remolona Jr. said in a statement.

The new member of the Monetary Board joins Remolona, Finance Secretary Ralph Recto and Monetary Board members Benjamin Diokno, Romeo Bernardo and Rosalia De Leon.

The BSP said Wassmer would serve the remaining term of former Monetary Board member V. Bruce Tolentino until July 2026. Tolentino resigned from his post effective June 30.

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