On behalf of the Monetary Board and the Bangko Sentral ng Pilipinas, I welcome you all to the 6th ASEAN Central Bank Heads of Internal Audit Network Meeting, which the BSP is hosting for the first time.
The climate around the global economy has improved compared to February and March, although there are still many uncertainties, including of a geopolitical nature, which could have implications for growth and inflation moving forward. We want to make sure that the recovery is not derailed on account of new shocks. If necessary, what additional measures could the ECB adopt?