The possible decision by the Governing Council to issue a digital euro would be taken at a later stage and only after the Parliament and the Council of the EU have adopted the legislative act. The digital euro project is a truly European initiative.
Among others, our economy’s non-inflationary growth momentum, sound banking system, and favorable external liquidity position provide your policymakers, including the Bangko Sentral ng Pilipinas, enough flexibility to respond appropriately to evolving domestic and global conditions. We can look forward therefore to 2016 with cautious optimism. Let us also take heart from third party assessments that continue to give us high marks.