Eli M. Remolona Jr., PhD

Supervising and regulating the banking industry is not an easy task. People look to the strength of our banks as a barometer of the economy’s health. Over the years, the Bangko Sentral ng Pilipinas (BSP) has played its role as a regulator with avidity and fastidiousness, unflinchingly looking at and pursuing its three pillars: price stability, financial stability, and an efficient and secure payments and settlements system.

With its role as an enabler, mobilizer, and doer, the BSP has greatly contributed to the Philippines’ current economic standing, which the World Bank projects to post the highest growth among Southeast Asian countries.

Indeed, “strong domestic demand, growth in fixed capital investment, and supportive regulatory reforms that underpin the Philippines’ unique economic resilience amid the global economic slowdown” are being cited as the reasons for such a rosy outlook.

Dr. Eli Remolona is the seventh Governor of the BSP and Chairman of the Monetary Board. Governor Remolona has extensive policy and operational experience on monetary policy and international finance, having worked for 19 years at the Bank for International Settlements (BIS) and 14 years for the Federal Reserve Bank of New York.

From 2019 to 2022, Governor Remolona served as professor of finance and director of central banking at the Asia School of Business in Kuala Lumpur. He also taught at Williams College, Columbia University, New York University, and the University of the Philippines-School of Economics.

Before his appointment to the Monetary Board in 2022, Governor Remolona served as independent director of a Universal Bank and chairman of its risk management committee. He earned his PhD in Economics with distinction from Stanford University and obtained his bachelor’s degree in Economics with honors from the Ateneo de Manila University.