The Bank’s internal COVID protocol is being continuously adjusted in the light of latest information on the evolution of the coronavirus. Ladies and Gentlemen, Digitalisation and distributed work arrangements may be the answer to some of the pressing challenges that organisations are facing in the wake of the COVID-19 induced disruption. The pandemic has in effect accelerated the shift towards technology-driven and sustainable processes.
So, the central bank has tightened policy, by a total of 350 basis points, to counter inflationary pressures on consumer prices from the depreciation of the peso and other factors, as well as to ensure the impact of the exchange rate did not de-anchor inflation expectations.