The Central Bank of the Philippines issued a release on the 30th Executives’ Meeting of East Asia-Pacific (EMEAP) Central Banks Governors’ Meeting in Bangkok, where governors marked EMEAP’s 30th anniversary by unveiling the commemorative “Look Back, Look Forward” report and endorsing an enhanced work process to address shared medium-term challenges. The report highlights EMEAP’s achievements in information sharing, surveillance, bond market development including the Asian Bond Fund, crisis response and research, and points to the forum’s collective contributions to global regulatory discussions such as the Basel Accord II and the Volcker Rule. Governors identified priority themes for the next three years including geopolitical tensions, evolving inflation dynamics, rapid digitalisation and artificial intelligence adoption, and escalating climate and environmental threats, alongside stronger coordination among EMEAP Working Groups. The meeting also held in-depth discussions on geoeconomic fragmentation and changing inflation dynamics, covering impacts on trade and capital flows, possible policy responses, and the challenges supply-side factors pose for monetary policy formulation and communication. The Monetary Authority of Singapore offered to host the 31st EMEAP Governors’ Meeting in 2026, and members reaffirmed their commitment to advance the initiatives endorsed in Bangkok.
Central Bank of the Philippines 2025-07-30
Central Bank of the Philippines reports EMEAP Governors unveil Look Back Look Forward report and set three-year priorities
The Central Bank of the Philippines reported on the 30th Executives’ Meeting of East Asia-Pacific Central Banks Governors’ Meeting in Bangkok, highlighting EMEAP's achievements and future priorities. Key themes for the next three years include geopolitical tensions, inflation dynamics, digitalisation, AI adoption, and climate threats, focusing on enhanced coordination among EMEAP Working Groups. The Monetary Authority of Singapore will host the next meeting in 2026.