We will be decisive and forward-looking as we continue to be timely and data-dependent on our actions. We will continue to communicate our intentions as clearly as possible. We will be transparent. 1/4  BIS central bankers' speeches  As most of you know, the old norm is for central banks to be deliberately vague.
But ultimately, this is bad for the market, the banks, and the public because it leads to speculative behavior, and we want to avoid that. We will INTENTIONALLY bring the BSP closer to the people. A central bank cannot operate from an ivory tower. It is important that BSP stakeholders understand what we are mandated to do.