Bloomberg Philippine central bank Deputy Governor Mamerto Tangonan has long wanted to make electronic money so ubiquitous that one could pay at a street stall via mobile phone. Now he’s leading the bank’s digital drive. “This is my life’s purpose,” Tangonan said in a March 24 interview, his first since he took office in February. Tangonan, 58, is point man ...

Bloomberg Mexico’s central bank will continue taking a data-dependent approach to monetary policy going forward, central bank Governor Alejandro Diaz de Leon said in an interview, after the board decided to keep borrowing costs at their lowest in almost five years. The bank’s decision to hold its benchmark interest rate at 4% amid an inflation spike prompted some analysts, including ...

Bloomberg New Zealand’s central bank is requiring Westpac Banking Corp.’s local unit to hold more liquid assets while it sorts out problems with risk governance processes. Westpac NZ was found to be in breach of the requirements of the Reserve Bank’s liquidity policy over a period from 2012 to 2020, the RBNZ said in a statement in Wellington. It has ...