3 Taking into account the fact that many leading central banks have recently had to deal with below-target inflation, one would have to amend the previous sentence to say that the practice and the theory of modern central banking revolve around the benefits of keeping monetary policy independent of short-term political considerations – with respect to both the stabilization of the price level and the temptations of monetary financing of the budget.
We want to ensure that Filipinos across the country are able to identify, gain and prosper from the fruits of economic progress. In particular, we want our people to be part of the financial mainstream where they can access financial services and to have options other than informal lenders with prohibitive rates and onerous conditions.