But it wasn’t just money, land and minerals. There are other countries with resources and land that do not enjoy the same incomes. And there are nations with very little in the way of resources or land that is wealthy. It was other things about the British heritage that were of higher value.
The BSP stands ready to deploy appropriate measures as needed to ensure an inflation environment conducive to a sustainable growth of the Philippine economy. Future policy actions of the BSP will continue to be guided by the following principles: 1) primacy on achieving its inflation objective.