Yet inflation targeting is also particularly suited to the structure of the South African economy. The recent increase in the unemployment rate is a reminder of the large number of people locked out of the real economy.
Amando M Tetangco, Jr: Empowering entrepreneurial Filipinos thru microfinance Speech by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas), at the 2010 Microentrepreneur of the Year official launch, Manila, 21 May 2010. *  *  *  Fellow advocates of the microfinance sector, good afternoon and congratulations!