Eli [Remolona], members of the Monetary Board (MB), and fellow BSPers, it is the 30th anniversary of our beloved Bangko Sentral ng Pilipinas (BSP). Let us celebrate! Ladies and gentlemen of the BSP, we, together, survived and, not only that, we thrived in a year full of extreme challenges, which [Deputy Governor] Chuchi [Fonacier] had already described.
As COVID-19 lingered and work-from-home arrangements continued, we managed to ensure the uninterrupted supply of money across our country, kept the banking system strong and stable, made our financial system even more inclusive, battled record-high inflation-by the way, at the rate it is going, 18 straight months of above-target inflation, three months longer than the previous record-and helped provide stability to our economy.