Benjamin E Diokno: Virtual launch of the Credit Risk Database (CRD) project Speech by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the virtual launch of the Credit Risk Database (CRD) project, 9 December 2020.
QQE with Yield Curve Control has had positive effects in line with the intended mechanism (Chart 6). Under yield curve control, nominal interest rates in Japan have been kept at extremely low levels, even amid a rise in interest rates abroad.