At this juncture, it is therefore particularly important to remain vigilant with regard to the further evolution of the key factors determining the outlook for prices. On the basis of current information, it is still possible that annual HICP inflation rates will fall below 2% in the coming months. However, the outcome is highly dependent on oil price developments.
* * * On behalf of the Monetary Board and the Bangko Sentral ng Pilipinas (BSP), we thank President Rodrigo Roa Duterte for this opportunity to present the New Generation Currency (NGC) banknotes and coins. Magandang hapon po. Thank you for having us in Malacañan Palace.