Given the forecast that the demand side inflationary pressures will not be high, even though the economy’s solid trend of growth will continue this year as well, it will be desirable to maintain our accommodative monetary policy stance for the time being.
I understand that systems integration of ABROI member banks with the Bangko Sentral’s PhilPass will be completed before the end of this year, with test runs expected to begin in January 2010. Given this timeline, the PhilPass-ABROI linkage should be fully operational by late February or early March next year.