The BSP is also ready to use all appropriate measures as needed to ensure an inflation environment conducive to sustainable growth of the Philippine economy. Rest assured that the future policy actions of the BSP will continue to be guided by the following principles: 1. Our primary focus will be price stability. 2. We will be pre-emptive rather than reactive and 3.
(iv)  Launching aggressive efforts to implement the evolving Islamic financial regulatory and supervisory standards and capturing the different types of risks associated with Islamic finance, while launching consumer protection frameworks. (v)  Promoting more financial diversification by encouraging financial innovation and Islamic capital market development. 6  BIS Review 128/2007