BSP’s Diokno on forward guidance and cutting reserves

Benjamin Diokno
Photo: Valentina Annese

What events transpired for you to take over as governor of the Central Bank of the Philippines (BSP) this year?
I was Secretary of the Budget Administration under three administrations – those of Mrs [Cory] Aquino, Mr [Joseph] Estrada and Mr [Rodrigo] Duterte. Then, of course, [the previous governor of the BSP] Nestor Espenilla unfortunately passed. But we wanted to fill his position right away. At a meeting of economic managers – secretary of finance [Carlos] Dominguez, Neda director general

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