Why Philippines said 'yes' to Dr No as central bank chief

The unexpected appointment of Benjamin Diokno as Philippines central bank governor has raised eyebrows as markets adopt a wait-and-see attitude over his doveish monetary approach.

Surprise new Philippines central bank governor Benjamin Diokno has been known to bat off concerns over his approach to monetary policy by invoking the spirit of movie master spy, James Bond.

Referencing the baddie in the first-ever 007 film in 1962 and the phonetics of his surname,  the 70-year-old economist said “that’s why they call me Dr No,’’ when questioned about what some regard as his dovish fiscal leanings.

Diokno, the former secretary of budget and management, formally assumed the position of Bangko Sentral ng Pilipinas BSP governor on Tuesday March 5 after his unexpected appointment by President Rodrigo Duterte.

The move follows...

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