Wassmer, Querubin get fresh Monetary Board term

business / Banking Banking Until July 2032 Wassmer, Querubin get fresh Monetary Board term By: Ian Nicolas P. Cigaral - Reporter / @IanCigaral Phiippine Daily Inquirer / 02:06 AM July 04, 2026 Share: Eli Remolona Jr.—CONTRIBUTED PHOTO MANILA, Philippines – President Marcos has reappointed banking veterans Walter Wassmer and Jose Querubin to the Monetary Board, the top policymaking body of the Bangko Sentral ng Pilipinas (BSP), ensuring policy continuity at a time of high inflation and slow economic growth.

Wassmer and Querubin were first appointed to the seven-member Monetary Board in July 2024 and September 2024, respectively. Mr. Marcos’ decision extended the two members’ term until July 2032.

“Since joining the Monetary Board in 2024, both Mr. Wassmer and Mr. Querubin have made invaluable contributions to the Board’s deliberations and decision-making,” BSP Governor Eli Remolona Jr.

said in a statement on Friday. Article continues after this advertisement “Their expertise in financial markets, commercial banking and risk management complements the Board’s strength in economics, public service and business,” he added.FEATURED STORIES BUSINESS Diesel prices seen rising anew on July 7 BUSINESS Marcos reappoints Wassmer, Querubin to BSP Monetary Board BUSINESS Does new upper-middle income status reflect PH reality?

Their reappointment comes at a time when the central bank is navigating elevated inflation and subdued economic growth. The BSP has struck a hawkish tone—ready to take the necessary steps to return inflation to its 3-percent target. A 25-basis-point increase last month lifted the central bank’s key rate to 4.

75 percent. This brought the total tightening in the current cycle to 50 basis points. Before joining the Monetary Board, Wassmer served as senior executive vice president and head of institutional banking at BDO until his retirement in 2022.

Article continues after this advertisement He joined the BDO board that year and was a member of the executive committee, trust committee, risk management committee and related party transactions committee. Previously, he served at Far East Bank & Trust Co., UnionBank of the Philippines, Bancom Finance Corp.

and IFC Leasing and Acceptance Corp. Article continues after this advertisement Meanwhile, Querubin served as president and CEO of United Coconut Planters Bank from 2003 to 2007. He was also a board member of Asean Finance Corporation (now AFC Merchant Bank) and had held senior positions at Bank of America, Solid Bank Corp.

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He likewise served as president and CEO of Megalink and as secretary of the Bankers Association of the Philippines. INQ READ NEXT Wassmer, Querubin get fresh Monetary Board term In Asia, PH ‘most vulnerable’ to severe El Niño–ANZ study EDITORS' PICK 4 Bukidnon schools suspend classes over ‘revenge killing’ threat Filipino students win 4 medals in Asia-Pacific AI Olympiad Ombudsman files plunder case vs Marcoleta in Sandiganbayan LTFRB suspends jeepney after passenger thrown off in viral video Group warns: Duterte drug war rules can still be used by police Pasay road closures set July 6 for Sara Duterte impeachment trial MOST READ Lone bettor bags P97.97-M MegaLotto jackpot in July 3 draw Super typhoon may enter PAR next week Remulla asks Napolcom to extend Marantan’s active service Senators gather in caucus to tackle Sara Duterte's impeachment trial View comments EDITORS' PICK MOST READ newsinfo 4 Bukidnon schools suspend classes over ‘revenge killing’ threat technology Filipino students win 4 medals in Asia-Pacific AI Olympiad newsinfo Ombudsman files plunder case vs Marcoleta in Sandiganbayan newsinfo LTFRB suspends jeepney after passenger thrown off in viral video newsinfo Group warns: Duterte drug war rules can still be used by police newsinfo Pasay road closures set July 6 for Sara Duterte impeachment trial newsinfo Lone bettor bags P97.

97-M MegaLotto jackpot in July 3 draw newsinfo Super typhoon may enter PAR next week newsinfo Remulla asks Napolcom to extend Marantan’s active service newsinfo Senators gather in caucus to tackle Sara Duterte's impeachment trial sports Tim Cone rues what could’ve been double celebration for Gilas, Alex Eala newsinfo Ombudsman files plunder case vs Marcoleta in Sandiganbayan TAGS: Business, Ferdinand “Bongbong” Marcos Jr., Monetary Board (MB) Your subscription could not be saved. Please try again.

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