Nestor Espenilla Jr
ARTICLE FINDER

Economic managers pressure Piñol to curb soaring inflation

Sep 05, 2018 - 3:30 PM

The rising prices of agricultural goods are seen as the 'main drivers of inflation,' and the Department of Agriculture headed by Secretary Emmanuel Piñol 'must act quickly'

Bangko Sentral hikes interest rates again over high inflation

Aug 09, 2018 - 4:05 PM

(3rd UPDATE) The Bangko Sentral ng Pilipinas raises interest rates by 50 basis points

Philippine external debt down to $73.2B in Q1 2018

Jun 15, 2018 - 6:31 PM

BSP Governor Nestor Espenilla Jr says net repayments which amounted to $3.4 billion mitigated upward pressures

Philippine inflation continues to rise at 4.3% in March

Apr 05, 2018 - 12:27 PM

(UPDATED) Higher price increases are noted in rice, corn, fish, fruits, and vegetables, according to data from the Philippine Statistics Authority

INFLATION. The Philippines' inflation rate accelerates to 3.5% in October 2017. File photo by Jay Directo/AFP

With rising inflation, NEDA calls for measures to help the poor

Mar 06, 2018 - 7:25 PM

Socioeconomic Planning Secretary Ernesto Pernia says the government 'must pay closer attention to the poor,' as inflation hits a new 3-year high

Philippine inflation hits new 3-year high at 4.5% in February

Mar 06, 2018 - 10:17 AM

(3rd UPDATE) Higher prices of food and drinks, among others, drive the cost of living up, with inflation at its fastest rate since August 2014

BSP governor recovering from tongue cancer

Feb 25, 2018 - 8:35 PM

But for Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr, it is 'work as usual,' as he closely monitors peso volatility

CANCER-FREE. Nestor Espenilla Jr says it is 'work as usual’ for the BSP chief. Rappler file photo

Bank for OFWs could open in February 2018

Dec 22, 2017 - 8:00 PM

The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank

GO SIGNAL. BSP approves Landbank's acquisition of the Philippine Postal Savings Bank which will be turned into a bank for OFWs. Photo by Rappler

BSP remains vigilant over potential economic overheating

Nov 21, 2017 - 7:15 PM

'We do not believe that we are there yet and we remain very vigilant to avoid it,' Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr says on the possibility that the economy might overheat

BSP keeps interest rates unchanged

Nov 09, 2017 - 9:50 PM

The Bangko Sentral ng Pilipinas says there is no need to change monetary settings at the moment as there is enough credit and liquidity in the market

MANAGEABLE. Despite faster rise in consumer prices, Bangko Sentral chief Nestor Espenilla Jr says monetary authorities believe future inflation path would stay within target. Photo by Inoue Jaena/Rappler

Philippines pledges $1 billion to IMF emergency fund

Oct 31, 2017 - 6:15 PM

The emergency fund is used to provide assistance to ailing economies

SHARED RESPONSIBILITY. This is the Philippines' commitment to contribute to the stability of the international monetary system given its sound macroeconomic fundamentals. In the photo are BSP Governor Nestor Espenilla Jr (r) and IMF head Christine Lagarde. Photo from BSP

BSP leaves Philippine interest rates unchanged again

Sep 21, 2017 - 9:46 PM

The Bangko Sentral ng Pilipinas believes the prevailing monetary policy settings remain appropriate

STAY VIGILANT. 'While prospects for global economic growth have stayed broadly upbeat, geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies continue to pose downside risks to external demand,' BSP Governor Nestor Espenilla Jr says. Photo by Inoue Jaena/Rappler

Philippine inflation in July edges up

Aug 04, 2017 - 6:15 PM

BSP Governor Nestor Espenilla Jr says the central bank continues to see a manageable inflation outlook over the policy horizon

WITHIN TARGET. The July 2017 inflation remains below the midpoint of the 2% to 4% target set by the Bangko Sentral ng Pilipinas (BSP). Rappler image

BSP plans to tap artificial intelligence

Jul 27, 2017 - 5:30 PM

The Philippines central bank is using the buzzwords FinTech RegTech and chatbots

ROBOTICS? The Philippines' central bank taps a technology partner to study the possibility of adopting artificial intelligence in its operations. File photo

Chuchi Fonacier is new BSP deputy governor for bank supervision

Jul 23, 2017 - 11:29 PM

Fonacier will fill the post vacated by BSP Governor Nestor Espenilla Jr

NEW CHIEF. Chuchi Fonacier is the first woman to head Bangko Sentral ng Pilipinas' Supervision and Examination Sector. Image from BSP

Favila, Abacan get seats in Bangko Sentral's Monetary Board

Jun 29, 2017 - 6:30 PM

Meanwhile former socioeconomic planning secretary Felipe Medalla retains his position as member of the board

COMPLETE. Medalla (left) retained, Favila (middle) and Abacan (right) named new members of the Monetary Board. Favila and Abacan photos from GT Capital

BPI assures clients: You'll get your money back

Jun 07, 2017 - 10:13 AM

UPDATED This is simply a glitch The amount will be restored by the end of the day says BPI president and CEO Cezar Consing

BPI GLITCH..Customers check their account after learning that their account was debited on BPI Branch in Manila. Photo by Inoue Jaena/Rappler

BSP to banks: Don't pay ransomware attackers

May 16, 2017 - 9:30 PM

While no Philippine bank was affected in the global ransomware attack the Bangko Sentral ng Pilipinas issues guidelines on dealing with cyber criminals and protecting sensitive data

Espenilla's target: Break new ground for financial inclusion

May 13, 2017 - 2:39 PM

Incoming BSP Governor Espenilla says It’s easy because essentially I’m here doing a job… Our mandate is clear and our constituency is clear: I serve the public

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Why Espenilla was chosen new BSP governor

May 13, 2017 - 12:57 PM

Former Central Bank governor Jose Cuisia has these to say about BSP s Amando Tetangco Nestor Espenilla and Diwa Guinigundo

#ThewRap: Things you need to know, May 12, 2017

May 12, 2017 - 11:00 AM

Hello Here are the stories you shouldn t miss this Friday

BSP maintains policy rates, inflation forecast

May 11, 2017 - 11:25 PM

There is only one more policy meeting left before Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr hands over the reins to his successor

RATE KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

EXPLAINER: Why is the role of BSP governor important?

May 10, 2017 - 6:40 PM

The recent appointment of Nestor Espenilla Jr was considered one of the most crucial decisions for President Rodrigo Duterte Here s why

LEADER. The last time a new BSP Governor was appointed was in 2005, Rappler takes a look at why this role is important.

#ThewRap: Things you need to know, May 10, 2017

May 10, 2017 - 10:20 AM

Hello Here s a roundup of news you need to know this Wednesday

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Philippine bankers cheer Espenilla's appointment

May 09, 2017 - 6:16 PM

UPDATED Outgoing BSP Governor Amando Tetangco Jr and most bankers got what they asked and hoped for: an insider with years of central banking experience

ESPENILLA. Nestor Espenilla Jr is the next Bangko Sentral ng Pilipinas (BSP) Governor. Photo by Inoue Jaena/Rappler

FAST FACTS: What does the Bangko Sentral ng Pilipinas do?

May 09, 2017 - 1:05 PM

Nestor Espenilla Jr has just been named BSP governor Rappler takes a look at the role of the BSP as Espenilla steps in along with some of the issues he may face ahead

NEW CAPTAIN. The BSP welcomes a new governor - Nestor Espenilla Jr.

Who is new BSP governor Nestor Espenilla?

May 08, 2017 - 8:35 PM

President Rodrigo Duterte picks technocrat Nestor Espenilla Jr as the new Philippine central bank chief replacing world acclaimed Amando Tetangco Jr

Presidential Spokesperson Ernesto Abella looks on as Finance Secretary Carlos Dominguez III congratulates newly-appointed Bangko Sentral ng Pilipinas (BSP) Governor at Malacañan Palace on May 8, 2017. RICHARD MADELO/PRESIDENTIAL PHOTO

Duterte appoints Espenilla as BSP governor

May 08, 2017 - 7:35 PM

UPDATED A very wise choice after a thorough evaluation of the future needs of the country and of all the candidates says Finance Secretary Carlos Dominguez III

NEW APPOINTEE. President Rodrigo Duterte shakes hands with next Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr on May 8, 2017. Malacañang photo

BSP eyes expanding e-payments by 2020

Dec 10, 2015 - 5:40 PM

The National Retail Payment System will facilitate the country’s shift from a cash heavy to a cash lite economy

INCREASE. BSP Governor Amando Tetangco Jr. says the share of electronic payments currently is only 1%, thus BSP is looking at increasing the share of e-payments to 20% over the next 5 years with the roll out of the National Retail Payment System.

BSP approves sweetened perks for rural bank mergers

Aug 22, 2015 - 12:13 PM

BSP says encouraging more mergers among rural banks will bring about a less fragmented banking system in the Philippines

SWEETENED PERKS. The program offers financial and regulatory perks to groups of rural banks serving similar areas to combine operations and create larger institutions