These fundamentals include improving quarterly GDP outturn, better business and consumer outlook, ample liquidity in the system, a sound and stable banking system, robust external payments position, and a manageable fiscal deficit. The Philippine economy has the essential elements to post a strong recovery this year.
In 1781, the Bank of England acquired and subsequently tore down the adjacent church St Christopher le Stocks, fearing that the spire could be seized by rioters and used as a platform to attack the Bank. As a result of technology, potential attacks on central banks extend beyond the physical realm and can be launched from much further away than the building next door.