In closing, I wish to reiterate that while other emerging markets have begun to ease their monetary policy settings in view of their own domestic considerations, we believe that our prevailing monetary policy stance remains appropriate.
Supported by robust credit growth and ample liquidity, current inflation and output growth dynamics in our country do not at this time warrant a reversal of the preemptive tightening measures we did in 2014. Moreover, there is still some measure of uncertainty hanging over global markets, the implications of which have to be continuously monitored closely.