9 While inflation may temporarily rise to or above 2 percent on a 12-month basis next year when the March and April price readings fall out of the 12-month calculation, my baseline forecast for inflation over the medium term is for it to remain short of 2 percent over the next few years.
You can expect that our policy thrusts will remain geared toward acceptable risk management practices that enable financial industry participants to better assess and manage risks without unduly hampering the ability to innovate. The BSP will also continue to take a proactive role in accelerating development of the domestic capital market.