Tonight I’d like to lay down some “facts” before you. After which, I’ll briefly touch on some of the “risks” that could color our perception. My goal tonight is to help ensure that there is a convergence between your appreciation and the actual intent of the BSP’s policy thrust.
A strong positive consonance between the two will certainly make our monetary and banking policies even more effective. In the end, our hope is that the resulting market conditions would create wealth and prosperity not only for you, as intermediaries, but also for the Filipino people, who are, after all, the BSP’s and your ultimate stakeholder. Fact 1: We have buffers against known vulnerabilities.