[9] For households, there is evidence that it will take longer for policy changes to pass through to interest burdens in this tightening cycle, as a higher share of households have fixed-rate mortgages than in the mid-2000s.
This will enable more of our marginalized countrymen to enjoy gains from and participate more actively in the country’s growing economy. As such, the Central Bank of the Philippines is glad to take part in this game-changing reform as we join the other countries in providing a foundational platform for the delivery of services.