Of the 350 bps, 325 bps of that was mine [occurred under my term], and I have been Governor for only seven months, but it worked. As the growth numbers show, the economy can actually take it [the impact of our rate hikes]. So, the timing [to normalize policy] was right.
Maximizing the full force of expanded toolkit  2/3  BIS - Central bankers' speeches  In addition, if you look at this chart, the Philippines has adjusted policy rates more than anyone, including South Korea, India, and so on. We also intervened in the forex [foreign exchange] markets. My people keep telling me, "Governor, do not use the word 'intervene,' say, 'participate.'"