ContextSpeech on capital markets and inclusive growth in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and wants deeper capital markets.
Why it mattersMedalla argues that bond and equity markets can make growth more widely shared.
Problems raised
Philippine capital markets are underdeveloped.
Growth must become more inclusive.
Data sharing among regulators is weak.
Solutions proposed
Develop capital markets as a catalyst for growth.
Strengthen data exchange within the development council.
ContextSpeech at the launch of a legal book on Philippine banking laws; Bangko Sentral ng Pilipinas keeps the financial system sound and applies banking law.
Why it mattersMedalla presents an annotated guide to the country's lending rules.
ContextSpeech at a meeting with Fitch Ratings; Bangko Sentral ng Pilipinas keeps prices and finance stable and explains its policy to credit rating agencies.
Why it mattersMedalla explains to a rating agency how the bank preserves stability.
ContextSpeech at the Philippine Economic Briefing in Washington during the IMF and World Bank meetings; Bangko Sentral ng Pilipinas keeps prices stable and presents the outlook to investors.
Why it mattersMedalla presents the outlook to investors and stresses domestic debt management.
ContextSpeech on digital finance and inclusion in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and promotes access to financial services.
Why it mattersMedalla presents digital tools as a route to wider access.
ContextSpeech on central bank independence and fiscal prudence in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and defends its independence.
Why it mattersMedalla credits autonomy and budget discipline for the country's development.
ContextSpeech at the launch of a book on the Philippine labour market after the pandemic; Bangko Sentral ng Pilipinas keeps prices stable and studies jobs and wages.
Why it mattersMedalla supports research on how Covid reshaped jobs.
Problems raised
The pandemic reshaped the Philippine labour market.
ContextSpeech at a meeting of the government's Development Budget Coordination Committee; Bangko Sentral ng Pilipinas keeps prices stable and assesses high inflation.
Why it mattersMedalla explains rising inflation to government planners.
ContextSpeech at the 2023 annual reception for the banking community; Bangko Sentral ng Pilipinas keeps prices stable and promotes digital, sustainable and inclusive finance.
Why it mattersMedalla sets digital, green and inclusive goals for lenders.
ContextSpeech at the Fund Managers Association of the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and supports growth of fund management.
Why it mattersMedalla addresses fund managers as rates rise.
ContextSpeech at the launch of a USAID programme to strengthen digital payments in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and promotes digital payments.
Why it mattersMedalla launches a programme to speed up digital payments for small businesses.
ContextSpeech at the fourth regional macroeconomic briefing on South Luzon; Bangko Sentral ng Pilipinas keeps prices stable and follows regional economies.
Why it mattersMedalla argues that regional data matter for national decisions.
ContextSpeech on building a resilient financial system amid linked risks; Bangko Sentral ng Pilipinas keeps the financial system sound and balances growth and inflation.
Why it mattersMedalla releases the stability report amid interconnected risks.
ContextNew Year message at the central bank's first flag-raising ceremony of 2023 in Manila; Bangko Sentral ng Pilipinas keeps prices stable and sets its goals for the year.
Why it mattersMedalla sets priorities for staff after a hard year.
ContextSpeech at the launch of the central bank's sustainable central banking programme in Manila; Bangko Sentral ng Pilipinas keeps finance stable and brings climate into its work.
Why it mattersMedalla brings climate considerations into reserve management and supervision.
Problems raised
Climate change affects the Philippines.
The Philippines is a victim despite low emissions.
ContextSpeech at a GCash digital excellence event; Bangko Sentral ng Pilipinas keeps prices stable and sees digital payments as key to financial inclusion.
Why it mattersMedalla calls for stronger cybercrime laws as digital payments grow.
ContextRemarks at an actuarial society event; Bangko Sentral ng Pilipinas keeps the financial system sound and wants actuaries in developing capital markets.
Why it mattersMedalla wants risk specialists to help develop markets.
ContextSpeech at the Bankers Association of the Philippines; Bangko Sentral ng Pilipinas keeps the banking system sound and supports post-pandemic recovery.
Why it mattersMedalla asks banks to support the post-pandemic recovery.
Problems raised
Banks must support the post-pandemic recovery.
Credit growth needs to be sound.
Banks face new risks after the crisis.
Solutions proposed
Keep the banking system on solid ground.
Support lending to the recovering economy.
Strengthen dialogue between banks and the central bank.
ContextSpeech (virtual) by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Chamber of Thrift Banks 2022 Annual Convention, 19 October 2022.
Why it mattersMedalla discusses governance and technology for savings banks.
Problems raised
Thrift banks face a changing economy.
Governance and risk management need strengthening.
ContextMessage by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), for the 42nd Anniversary of Credit Card Association of the Philippines, Manila, 16 October 2022.
Why it mattersMedalla supports responsible growth of card lending.
ContextKeynote message by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the appreciation cocktail for "Cool Minds, Brave Hearts: The People of the Central Bank", Manila, 1 September 2022.
Why it mattersMedalla honours the staff behind seventy years of monetary history.
ContextOpening message by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), for the S&P Annual Review, Manila, 30 August 2022.
Why it mattersMedalla explains to S&P why fighting inflation early costs less.
ContextOpening message by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), for Moody's Credit Rating Review, Manila, 21 August 2022.
Why it mattersMedalla explains 175 basis points of hikes to Moody's.
ContextClosing remarks by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the MOA signing with participating retailers for the Coin Deposit Machine Project, Manila, 16 August 2022.
Why it mattersMedalla tackles coin shortages with machines in shops.
