Central Banking

Philippine central bank head said he won't quit

Philippine central bank governor Rafael Buenaventura said on Thursday that he was not quitting in the wake of a deepening political crisis sparked by allegations President Joseph Estrada took a payoff from gambling lords.

In an impromptu news conference with financne secretary Jose Pardo on Thursday evening, the governor also scotched rumours that memebrs of Estrada's eonomics team were planning to abandon him. "We would like to divorce politics and business...it's rather unfortunate when you

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