This was an important decision. It strengthened a policy framework that has given our economy low, stable, and predictable inflation for the past decade. One of the main benefits of the targets is that they help the economy to run more smoothly when there are surprises in the level of demand for Canadian goods and services. Let me elaborate.
This is the second leg of the regional conference since its launch in Cebu City on September 28, 2021. The RCMS is one of Regional Operations' many efforts to bring the BSP closer to the Filipino people. We are doing this virtually for now but I look forward to when we can finally do this face to face.