The ECB has shown a steadfast commitment to its mandate to maintain price stability, as laid down in the Treaty. Notably, it acknowledged that inflation that is too low for an extended period of time can be as problematic as inflation that is too high.
The Roadmap is envisioned to successfully transform the Philippines from a cash-heavy into a cash-lite economy. Seen from a broad perspective, the QR Ph P2M will help empower our small economic actors to take part in the digital payments ecosystem, and more importantly, in the formal financial system.