Eli Remolona Jr.—CONTRIBUTED PHOTO
MANILA, Philippines – President Marcos has reappointed banking veterans Walter Wassmer and Jose Querubin to the Monetary Board, the top policymaking body of the Bangko Sentral ng Pilipinas (BSP), ensuring policy continuity at a time of high inflation and slow economic growth.
Wassmer and Querubin were first appointed to the seven-member Monetary Board in July 2024 and September 2024, respectively. Mr. Marcos’ decision extended the two members’ term until July 2032.
“Since joining the Monetary Board in 2024, both Mr. Wassmer and Mr. Querubin have made invaluable contributions to the Board’s deliberations and decision-making,” BSP Governor Eli Remolona Jr. said in a statement on Friday.
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