We called it “Savings and Development bond” to encourage small savers to invest in it and use it as collateral. The Bond was re-opened in August to boost its size, encourage secondary trading and refine the yield curve.
We will deploy appropriate measures as needed to ensure sustainable, non-inflationary, and inclusive economic growth. I know that many of you are aching to find out, “when is the BSP going to raise its policy rates?” No one has a crystal ball, even Nostradamus missed. Instead of giving you a day and date, let me give you principles. 1.