Indeed, while the LCR requires banks to hold sufficient liquid assets in good times to meet their outflows in a given stress scenario, it implicitly recognizes that if things turn out even worse than that scenario, central bank liquidity support will be needed.
As well as other areas requiring more attention In our case, it is critical for the Bangko Sentral ng Pilipinas to keep an eye on the risks to inflation and to make such risks clear to the markets and the general public our main focus is to ensure that we achieve our inflation target, keep the public’s inflation expectations anchored and manage the growth in domestic liquidity The Development Budget Coordinating committee is looking at a real GDP growth rate of 5.7 percent for 2006, with growth driven by services, industry, and agriculture which stands to benefit from better weather conditions.