DOF Sec. Frederick Go takes oath as Monetary Board member

Finance Secretary Frederick Go has officially taken his oath of office as the Cabinet representative to the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), ahead of its scheduled meeting next month.

Go took his oath at the BSP Head Office in Manila on Thursday, January 8, 2026, as administered by BSP governor and Monetary Board chairman Eli Remolona Jr., taking over the post previously held by former Finance Secretary and now Executive Secretary Ralph Recto.

Go joins other Monetary Board members Remolona, Benjamin Diokno, Romeo Bernardo, Rosalia De Leon, Jose Querubin, and Walter Wassmer.

Prior to taking over the Department of Finance last November, Go served as the Special Assistant to the President for Investment and Economic Affairs (SAPIEA).

The Monetary Board is scheduled to meet on February 19 to discuss whether or not a change in the current monetary policy settings is warranted given the current conditions.

In its last policy meeting for 2025, the Monetary Board decided to cut rates anew by 25 basis points to bring the target reverse repurchase rate to 4.50%, the overnight deposit rate to 4.00%, and the overnight lending rate to 5.00%, the lowest in three years.

“On balance, the Monetary Board sees the monetary policy easing cycle nearing its end. Any additional easing will likely be limited and will be guided by incoming data,” Remolona said in December. —VAL, GMA Integrated News