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Philippines’s Marcos names new finance chief, central bank head

2 years ago 129

President-elect points to rising inflation and job creation as priorities of his administration.

Philippine President-elect Ferdinand Marcos Jr has announced his picks for finance minister and central bank governor ahead of taking office next month.

Benjamin Diokno, the current governor of Bangko Sentral ng Pilipinas (BSP), will become the next finance chief, Marcos said on Thursday in an interview streamed on Facebook.

Felipe Medalla, a member of the central bank’s monetary board, will take over from Diokno as central bank governor.

Marcos said his first priority will be the economy, with a particular focus on rising inflation and job creation.

The appointments mark another move towards policy continuity from Marcos, who is expected to...

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