Wednesday 12 December
Oct 10, 2018 @ 16:54

Espenilla gets B+ on first year as BSP chief


It’s a pretty solid run for his first year in office.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. is off to a good start in his six-year term as head of the central bank.

The New York-based Global Finance gave Espenilla a B+ grade for his first year in office, coming from an A-F scale used among officials worldwide.

Growth, employment and wages are looking well, although the magazine flagged the weakening peso and a wider trade deficit as areas of concern.

Former BSP Governor Amando Tetangco, Jr. received several A ratings from Global Finance when he was governor. The pressure is on!

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