The implementation of these measures has helped ensure ample liquidity as well as the proper functioning of the financial system during the lockdown. The BSP’s policy responses complement the national government’s own massive relief and mitigating measures— which amount to hundreds of billion pesos—to save lives and livelihood at this critical time.
They took that decision because, among other reasons, they wanted to create a forum for middle managers to interact, exchange ideas, enable them to gain more understanding of central banking particularly monetary and fiscal policies and prepare them for higher responsibilities.