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The Bangko Sentral ng Pilipinas (BSP) is still awaiting word on who will be appointed by the President as the administration representative in the Monetary Board (MB), the highest policymaking body of the central bank. President Ferdinand R. Marcos Jr. recently appointed former Finance Secretary Benjamin E. Diokno to a…
FORMER Finance secretary Benjamin Diokno officially assumed the last remaining private sector seat at the Monetary Board on Monday after his successor, Ralph Recto, took over.
'He felt that it was time for him to return to his natural habitat in the Bangko Sentral,' Marcos says of Diokno, who may no longer be part of the Cabinet, but will remain a member of the BSP Monetary Board
THE Bankers Association of the Philippines (BAP) has welcomed the appointment of Batangas Rep. Ralph Recto as the country’s new finance chief, saying he is “equipped with the necessary experience” to help advance the country’s economic growth.
![[In This Economy] As new finance chief, will Ralph Recto usher in new taxes (again)? - Vimarsana News](https://www.rappler.com/tachyon/2024/01/new-finance-chief-ralph-recto-january-12-2024.jpg)
Maybe Recto will do a better job than Diokno in rallying politicians to enact key reforms. But only time will tell.