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Philippine central bank chief Espenilla dies from cancer

Governor raised interest rates five times in 2018 to fight inflation

Philippine Central Bank governor Nestor Espenilla died Saturday after undergoing treatment for cancer for more than a year, the bank announced.      © Reuters

MANILA -- The Philippine central bank governor, Nestor Espenilla, a career banker who rose through the ranks to reach the top, has died after a battle with cancer. He was 60.

The Bangko Sentral ng Pilipinas (BSP) in a statement early Sunday morning said Espenilla died peacefully surrounded by his family on Saturday after battling cancer for over a year. President Rodrigo Duterte appointed Espenilla BSP governor in July 2017 and he would have served until 2023. He is survived by his wife, Maria Teresita, and two sons.

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