Ladies and gentlemen, let us offer a toast to blessings of peace and prosperity for everyone-for our people and for our country. Para sa Bawat Pilipino, Bangko Sentral ng Pilipinas! Mabuhay tayong lahat! Mabuhay ang buong bansang Pilipinas at lahat ng taong dumating dito! 1 The BSP became an inflation-targeting central bank in 2002, under the leadership of  former Gov. Rafael Buenaventura.
But it was during Gov. Amando Tetangco's 12-year term, from 2005–2017, that key reforms to the central bank's inflation-targeting regime were implemented and put in place. 2 MBM Bruce Tolentino was not present during the event. 4/4  BIS - Central bankers' speeches