The ECB used the asset side of its balance sheet, as well as other tools such as forward guidance, in addition to its standard and non-standard interest rate policies.
As described by Queen Maxima, “the Philippines should be the voice on financial inclusion.” Indeed, our  BIS central bankers’ speeches  1  financial inclusion program is considered an international best practice model. Through the NSFI, we envision a regionally-responsive, development-oriented and inclusive financial system that provides for the evolving needs of a diverse Filipino public.