This result is notable in that the central banks of these economies, with the exception of the Bank of England, have not pursued large-scale purchases of longer-term securities. 4  BIS central bankers’ speeches  in the levels of the rates shown in chart 1.
In closing, I would like to stress that the BSP is keen to help realize all the characteristics of a New Economy in the post-COVID era: stronger, more technologically savvy, and more inclusive. As shown by our strong macroeconomic fundamentals, we’re prepared for this crisis.