This is reflected in higher disposable income, a rise in lending and economic activity and more successful fiscal consolidation. Inflation was first lowered and then maintained at a low level, thereby enabling significant monetary policy easing through the key policy rate, which we initiated in May 2013.
Moving forward, I see these wide-ranging reforms ultimately creating tangible economic benefits to the Filipino public, as the central bank remains committed to promoting price stability and a resilient, responsive, and inclusive financial system. I’ll stop here. Thank you.​