Unique interview: Felipe Medalla, Bangko Sentral ng Pilipinas governor | philippines, felipe medalla, bsp, bangko sentral ng pilipinas, rates of interest, financial coverage, central financial institution, peso, benjamin, diokno, bongbong marcos, inflation

BSP, the Philippines’ central financial institution, has begun charge hikes to deal with the nation’s highest inflation charge since 2018. After two 25-basis level bp hikes in Might and June, the BSP raised rates of interest by 75bp to three.25% on July 14, a shock transfer that signalled a extra aggressive financial coverage to return.

Felipe Medalla, who took over the position of governor of the BSP on July 1, spoke to FinanceAsia about this resolution, and shared his outlook for the county’s development and digitisation path.

FA You’re taking on the position of BSP governor at a time of unprecedented macroeconomic headwinds and international uncertainty….

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