Philippine President Duterte has a new central bank chief — and investors are worried
2019-03-08 10:49:53 source：CNBC
March 7, 2019
The Philippines' new central bank governor was sworn in Wednesday. But the appointment of Benjamin Diokno, a former member of Philippine President Rodrigo Duterte's administration, has some people worried.
Political and financial watchers, both within the country and outside, were surprised when Duterte appointed his former budget secretary as head of the Philippine central bank — or Bangko Sentral ng Pilipinas.
Some analysts saw the decision as politically motivated and fear it may threaten the independence of yet another public institution in the country. The Philippine peso fell after his appointment.
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