Although we use a variety of techniques for extracting information from asset prices, what we can learn has limits. First, asset prices are tough to work with. They change rapidly and are subject to short-run technical factors – swings in prices that are not related to fundamental and persistent shifts in supply and demand.
Let me end by saying that overcoming the challenges we face can be made easier if we maintain an open line between private enterprises and the government sector and recognize the important role each one has to play. This is the reason why the BSP is taking the initiative of bringing us together regularly in this Exporters’ Forum.