I believe this happens when one realizes that the BSP’s success translates to people’s lives actually being improved…to inclusive and broad-based growth… to stability and to tangible economic development. In this context, allow me to discuss our mandates.
Balancing functional requirements requires solving complex problems which might be not self-evident at first sight: an example is the trade-off between the privacy-preserving characteristics of a CBDC with the need for auditability, arising from anti-money laundering and contrast to financing of terrorism requirements.