In this context, a key challenge for policy makers, particularly CBs, is to respond to the crisis in a timely and decisive manner, but without affecting the resilience of both the financial markets and the economy. As it has been repeatedly mentioned today, the current inflation spike was badly forecast by CBs and markets.
Muli, bigyan po natin ng mainit na palakpakan ang ating mga awardees! Finally, let us acknowledge the significant contributions of the following to the continuing success of the Bangko Sentral ng Pilipinas with a big round of applause: the members of our Monetary Board including Dr. Vicente Valdepenas, Jr.; Atty. Raul Boncan, Sr.; Mrs. Juanita Amatong; Atty.