Nevertheless, as I recount BSP efforts and share our current initiatives, I hope you will realize new opportunities for enterprise and collaboration. I also hope to drive the message that our recognition of micro, small, and medium enterprises (MSMEs) lies at the heart of our steadfast push for financial inclusion.
In the economy, in which the price stability target of 2 percent is achieved by pursuing this mechanism, the rational behavior of firms and households should not be to hoard cash and deposits, but to invest and consume. In a situation in which prices rise moderately, the real return on cash hoardings is negative.