Our external accounts have also remained healthy, with a balance of payments surplus and a record-high gross international reserves of $ billion. These are positive results from our collaboration. Palakpakan po natin ito! Today, we will also recognize the best commercial banks that facilitate the inflow, and reporting, of remittances from overseas Filipino.
In addition, because the depressed level of the neutral rate of interest reflects forces that are likely to persist, the appropriate path of policy is likely to remain shallow for several years. References Baily, Martin Neil, James Manyika, and Shalabh Gupta (2013). “U.S. Productivity Growth: An Optimistic Perspective,” International Productivity Monitor, no. 25, pp. 3–12.