People: uncertainty over Tetangco’s future; Minneapolis Fed appoints new COO and head of research

Amando Tetangco at Central Bank of the Philippines
Amando Tetangco's term as governor of the BSP comes to an end in July

Philippines: The term of Central Bank of the Philippines (BSP) governor Amando Tetangco comes to an end in July 2017. In a statement made January 10, Tetangco made his most explicit statement yet that he intends to stand down.

"Indeed time flies. I end my second term as governor of the BSP on July 2, 2017. I take this opportunity, therefore, to thank the leaders of our banking industry and the BSP's partner institutions for working with us during the best of times, the worst of times, and all th

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