Ladies and gentlemen. We have learned that our partnership yields beneficial dividends. With your support, the Bangko Sentral ng Pilipinas is able to execute well-informed policies grounded on comprehensive, accurate and timely information. In turn, you benefit from these policies that provide an enabling environment for businesses to continue to grow... and to thrive... even through challenging times.
Lowering interest rates could worsen vulnerabilities related to household debt at the margin, but it would also lessen the chances of the oil price shock triggering financial stability risks. In the current context, getting the economy back to full capacity with inflation on target is central to promoting financial stability over the longer term. Conclusion It’s time to conclude.