Tetangco named Asia-Pac central banker of the year

ABS-CBN News

Posted at Jan 10 2013 01:49 PM | Updated as of Jan 10 2013 09:49 PM

MANILA, Philippines - Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. has been named as the best central banker for the Asia-Pacific region in 2012.

The Banker, a publication of The Financial Times group, chose Tetangco as its Central Banker of the Year for Asia-Pacific. 

"The Philippine economy has performed strongly in the past year and its growth in the third quarter of 2012 was the second highest in Asia after China. Ratings upgrades in the past year have put the Philippines just one notch away from investment grade - the level of Indonesia - which the country now has its sights now. The sound monetary policy of the BSP and its Governor Amando Tetangco have contributed to these improvements that have recently pushed the Philippines into the spotlight," The Banker said. 

The Banker's awards cite officials who have succeeded in steering their countries through economic difficulties last year. 

Turkey's central bank governor Erdem Basci was named Global Central Banker of the Year. Other winners include Bank of Canada Governor Mark Carney for the Americas, Banco Nacional de Angola Governor Jose Massano for Africa, and Saudi Arabian Monetary Agency Governor Fahad Al-Mubarak for the Middle East. 

This is the third time Tetangco has been named among the world's best central bankers in the last few months. Global Finance Magazine gave the BSP chief an "A" rating, while international financial magazine Emerging Markets of the Euromoney Group named him as 2012 Emerging Markets Central Bank Governor of the Year for Asia.