Thus, doing novel things may not be intuitively consistent with this goal. 1/5  BIS central bankers' speeches  In its invitation, the WTCMM asked me to share my plans and programs in the continuity of providing the country a strong monetary and financial system. This is really the traditional part of central banking, focusing on our core mandates of price and financial stability.
The BSP adopted the inflation targeting framework in 2002 to achieve low and stable inflation. This was accomplished, providing credibility to what we do as a monetary authority. Inflation continues to remain low and stable with well-anchored inflation expectations.