Outgoing BSP chief Medalla bids farewell to PBBM

FILE: Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. (Photo: Felipe M. Medalla
@BSPGovMedalla/Twitter)

MANILA – President Ferdinand R. Marcos Jr. on Friday met with outgoing Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla at Malacañan Palace in Manila.

Medalla made a farewell call on Marcos at Malacañan Palace’s Study Room before his term as BSP governor ends on July 2.

A video of his farewell call was uploaded on the official Facebook page of state-run Radio Television Malacañang.

Medalla was accompanied by BSP Deputy Governor Bernadette Romulo-Puyat.

Medalla was appointed as head of the BSP on June 30, 2022 to replace then governor Benjamin Diokno who was tapped as Finance secretary.

He has been a member of the central bank’s Monetary Board since July 2011.

Medalla also served as Socioeconomic Planning secretary and director general of the National Economic and Development Authority (NEDA) from 1998 to 2001.

He also taught at the University of the Philippines’ School of Economics, serving as dean for four years starting 1994.

Medalla earlier thanked Marcos for giving him an opportunity to lead the BSP.

“I am grateful to the President for having given me the chance to serve as BSP Governor, which is, by far, the best opportunity that I have received to truly make an impact and serve the Filipino people,” he said.

Medalla will be replaced by Eli Remolona who will serve a six-year term as BSP Governor and Chairman of the Monetary Board beginning July 3.