First, as the county’s monetary authority, the BSP sees to it that the monetary policy is supportive of its mandate of maintaining price stability conducive to balanced and sustainable economic growth. Second, as the regulator of financial institutions, the BSP seeks to promote the soundness of the financial system, which in turn, would support overall macroeconomic stability and growth.
This factor obscures the achievements European integration has reached and so prevents people from believing in the dynamism of the European unification. For the coming months a cautious optimism is justified.