This tightening of policy was accompanied by a reduction in its lending to the Swedish banking system, which reached more than 300 billion Swedish krona at the depth of the crisis.
Our logo has a round shape, to symbolize our unending quest to become an excellent monetary authority committed to improve the quality of life of Filipinos. It is fitting that we are implementing these changes just a week after the assumption into office of President Benigno Aquino III. He stood for change and received an overwhelming mandate from our people with a landslide win.