One possibility we might refer to as “opportunistic reflation” would be to take advantage of a modest increase in actual inflation to demonstrate to the public our commitment to our inflation goal on a symmetric basis. 17 For example, suppose that an unexpected increase in core import price inflation drove overall inflation modestly above 2 percent for a couple of years.
But as members of the Board of the Philippine Management, Inc.... as a collegial body... as chief stewards of a modern, responsive and globally-competitive Philippine retail payment system. The signing of our memorandum of agreement marks certain mutual recognitions and binds us each, to worthy undertakings.