What is the role of BSP in economic recovery?
The BSP has deployed a wide range of monetary instruments and extraordinary liquidity-enhancing measures to support the economy. This is part of BSP’s immediate monetary policy response to help shore up domestic liquidity, and restore market players’ confidence to continue participating in primary GS auctions.
Who is the present governor of Central Bank of the Philippines?
Benjamin DioknoBangko Sentral ng Pilipinas / Governor
What does benjamin Diokno do?
Benjamin E. Diokno is the current Governor of the Bangko Sentral ng Pilipinas (BSP). Prior to his appointment as Governor, he served 3 Administrations—as Budget Secretary from 2016 to 2019, Budget Secretary from 1998 to 2001, and as Budget Undersecretary from 1986 to 1991.
Is ben Diokno related to chel Diokno?
Diokno is the first cousin thrice removed of Atty. Jose Manuel “Chel” Diokno of the Free Legal Assistance Group (FLAG) and is six degrees apart from the attorney Sen. Jose W. Diokno, the father of human rights.
What is the role of the BSP during this pandemic?
In response to the COVID-19 pandemic, the BSP has implemented measures to ensure adequate domestic liquidity and sustain the flow of credit, restore financial market functioning, and shore up market confidence. These include a mix of decisive monetary policy adjustments and regulatory relief and forbearance measures.
What is the role of the BSP?
The BSP’s main primary objective is maintain price stability conducive to balanced and sustainable economic growth. The BSP also aims to promote and preserve monetary stability and the convertibility of the national currency. The BSP provides policy directions in the areas of money, banking and credit.
Who is the owner of BSP?
Bangko Sentral ng Pilipinas
BSP Logo | |
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Headquarters | BSP Complex, Roxas Boulevard, Manila, Philippines |
Established | July 3, 1993 (re-established as per the New Central Bank Act) January 3, 1949 (as Central Bank of the Philippines) |
Ownership | Independent to Government /Sui Generis |
Governor | Benjamin Diokno |
What is the function of monetary board?
The Monetary Board exercises the powers and functions of the BSP, such as the conduct of monetary policy and supervision of the financial system. Its chairman is the BSP Governor, with five full-time members from the private sector and one member from the Cabinet.
What is the cause of death of the governor before Benjamin Diokno?
Espenilla died on 23 February 2019 at the age of 60 due to complications brought about by tongue cancer. He had been undergoing cancer treatment for more than a year.
Is Chel Diokno a CPA?
Diokno is the only person to top both the Philippine Bar Examination and the board exam for Certified Public Accountants (CPA). His career was dedicated to the promotion of human rights, the defense of Philippine sovereignty, and the enactment of pro-Filipino economic legislation.