Magazine names Tetangco ‘central banker of the year’

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BSP Governor Amando Tetangco Jr.

Governor Amando Tetangco Jr. of the Bangko Sentral ng Pilipinas (BSP) was named “Central Banker of the Year” for Asia Pacific by the foreign business magazine The Banker.

 

The Banker cited favorable developments in the Philippine economy, which were partly attributed to policies made by the BSP, in choosing Tetangco as the best central bank head in the region for 2012.

 

“The Philippine economy has performed strongly in the past year, and its growth in the third quarter of 2012 was the second fastest in Asia after China,” said the Banker, which is part of the Financial Times group.

 

The publication likewise cited credit-rating upgrades that the Philippines enjoyed over the past two years that have brought the country’s ratings to just one notch below investment grade.

 

“The sound monetary policy of the BSP and its governor, Amando Tetangco Jr., have contributed to these improvements that have recently pushed the Philippines into the spotlight,” The Banker said.

 

Other central bankers recognized by the publication as best in their regions were: Turkey’s Erdem Basci, also named the best globally, for Europe; Canada’s Mark Carney for the Americas; Angola’s Jose Massano for Africa; and Saudi Arabia’s Fahad al-Mubarak for the Middle East.

 

The accolade from The Banker is the third received by Tetangco in the last five months.

 

Global Finance Magazine recently gave Tetangco a rating of “A” along with five other central bank governors, saying he is one of the best central bank heads in the world.

 

Emerging Markets, which is part of the Euromoney group, named Tetangco as the central bank governor of the year for Asia for 2012.

 

It said that under Tetangco’s leadership, the BSP “has managed monetary policy with considerable skill, not least given the twin threats of China slowdown and spillover from the Euro zone crisis.”

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  • http://profile.yahoo.com/GVQGTF7TQKC3FUCNPV36OMHOHQ Geoffrey Teague

    ridiculous!! anytime bankers get into (self)congratulations you can be sure it will be at the expense of hard working people. mr. tetangco refuses to acknowledge inflation and the desperate attempts to lower gas prices will diffuse it ‘a little’. these people(bankers)do not go to the grocery store nor do they compare prices from two years ago. we are at 30% more and climbing. the ofw remittances are glorified as if this is a good economic indicator. what nonsense!! it indicates that the ofw must send more money home because there is no bang in the buck to peso rate.(40 to 1 and appreciating) ofw people need more pesos at home. again critical social implications of an ofw stuggling and getting nowhere should not be the cause to congratulate bankervipers who like to propagandize how great the economy is.

  • barcelona03

    Congratulations to Mr. Tetangco!  Media should give prominence to such news.

  • 1voxPopuli

    i read an article before that Tetangco is the highest paid govt official in the philippines. All i have to say is – you deserve it! 

  • yesyesyo

    Mabuhay!!

  • Sandy Bulet

    Congratulations!!!

  • Hayek_sa_Maynila

    Congratulations Governor! You truly deserve the award.
     
    We hope to see more unorthodox/unconventional policies from BSP in 2013 and beyond especially those that will bring the peso to a more competitive level in the coming years. The Turkish central bank who was voted #1 should be an inspiration to you and the rest of BSP for thinking out of the box to ensure the Lira doesn’t become overvalued…and finallylike Turkey grab that investment grade rating for the PHL

  • http://twitter.com/MarLouWang Marlou Wang

    Wow, pinoy!!! Best banker!!! 

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