September 2, 2025 | 12:00am
MANILA, Philippines — New York-based International Finance journal has named Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. among the many world’s finest central bankers after awarding him an “A-” score for a second straight yr.
In its 2025 Central Banker Report Playing cards, the publication lauded Remolona’s efficiency in balancing inflation management, financial development, forex stability and rate of interest administration whereas sustaining the BSP’s independence amid world uncertainties.
International Finance founder and editorial director Joseph Giarraputo mentioned most central bankers have spent the years battling inflation with greater rates of interest.
“As inflation recedes, we’re starting to see the outcomes of these powerful coverage selections,” Giarraputo mentioned.
“Our annual Central Banker Report Playing cards acknowledge these leaders who haven’t solely delivered outcomes however performed so with independence, self-discipline and strategic foresight,” he mentioned.
Remolona is one in all solely a handful of governors on the earth to obtain an A spread grade this yr, sharing the honour with friends from the European Union, Taiwan, Singapore, South Africa and Cambodia.
Prime A+ marks went to central bankers from Denmark, Vietnam and US Federal Reserve chairman Jerome Powell.
The popularity comes because the BSP, underneath Remolona’s management, has steered the economic system by a interval of easing inflation, which was all the way down to 0.9 p.c in August, and a gradual 5.5 p.c development within the second quarter.
This has allowed the Philippine central financial institution to chop rates of interest by a complete of 150 foundation factors, together with its newest 25-basis-point discount in August, bringing the reverse repurchase charge to 5 p.c.
Remolona, who took the helm of the BSP in June 2023, beforehand served for 19 years on the Financial institution for Worldwide Settlements and 14 years for the Federal Reserve Financial institution of New York.
Revealed yearly by International Finance since 1994, the Central Banker Report Playing cards grade the central financial institution governors of almost 100 key nations, territories and districts, in addition to the European Union, the Jap Caribbean Central Financial institution, the Financial institution of Central African States and the Central Financial institution of West African States.
Grades are based mostly on an “A+” to “F” scale for achievement, by which “A” represents a superb efficiency and down by “F” for outright failure.