Monetary Board Members

Profile of the Governor​




Bangko Sentral ng Pilipinas​

Eli Remolona, Jr. brings to the table an extensive international policy experience in central banking. He worked for 14 years at the Federal Reserve Bank of New York and for 19 years at the Bank for International Settlements (BIS), the bank for central banks.​​

​​Before joining the Bangko Sentral ng Pilipinas, he served as an Independent Director of the Bank of the Philippine Islands and the Chair of the Risk Management Committee. He was also a Professor of Finance and the Director of Central Banking at the Asia School of Business in Kuala Lumpur, a collaboration with the MIT Sloan School of Management. ​​

From 2008 to 2018, as the BIS regional head for Asia and the Pacific, he worked closely with Governors of the 12 leading central banks in the region to formulate policy on such issues as financial regulatory reform, capital market development, and financial stability, while also overseeing BIS reserve management for Asia-Pacific central banks. ​​

In 2000, as the newly appointed editor of the BIS Quarterly Review, he overhauled the journal and turned it into a highly ranked scholarly flagship publication of the BIS. He has also published widely in leading journals in economics and finance, with papers that have attracted over 5,450 citations. Since 2005, he has been an Associate Editor for Finance of the International Journal of Central Banking. ​​

In 1991, he joined Paul Krugman (awarded the Nobel Prize in 2013) and Susan Collins (now President of the Boston Fed) in a high-level economic mission to the Philippines to advise the Philippine government on structural reforms.

He has taught at Williams College, Columbia University, New York University and the School of Economics of the University of the Philippines. He has given seminars at the Federal Reserve, European Central Bank, Bank of England, Bank of Japan, International Monetary Fund, Asian Development Bank, World Bank and many other central banks, and academic institutions.

In 1982, he received a Ph.D. in Economics "with Distinction" from Stanford University and in 1972, a bachelor's degree in Economics Honors from the Ateneo de Manila University. Also a product of public schools, he graduated valedictorian from V. Mapa High School. ​​