BSP’s policy actions Going forward, the BSP’s monetary policy stance will remain appropriately calibrated to support domestic economic activity, but will always be mindful of emerging risks to inflation. The BSP will also pursue the banking reform agenda to ensure that the banking system remains sound and globally competitive.
And finally, what do we hope the media will do in the coming months? I believe there are four important elements needed for public confidence in banks and the banking system, and each is being addressed as we prepare for potential Y2K problems.