Espenilla promises policy continuity at BSP

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Incoming Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. promised policy continuity in the country’s highest monetary authority during his six-year term, which will start in July this year.

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“It’s all about continuity, plus, plus. It’s all about continuing what we have been doing in constant surveillance…” he told reporters in a press briefing at the BSP Complex in Manila on Tuesday.

His appointment was announced Monday evening. He will replace two-term governor Amando Tetangco Jr.

Espenilla currently heads the BSP’s Supervision and Examination Sector, which oversees banks and other non-financial institutions.

MAYVELIN U. CARABALLO

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