The Bank will continue to devote itself to innovation in monetary policy measures. The commitment by the Bank to achieve the price stability target of 2 percent is firm and unshaken. Given that the central bank is firmly committed to the price stability target and is taking necessary measures as appropriate, the goal will surely be achieved.
The timing and conditions of the BSP’s exit strategy will continue to be guided by the inflation and growth outlook over the medium term, the state of public health, and domestic and global risks to the economy. Economies with strong fundamentals tend to handle crises better.