In fact now that we are so liberal we find very few takers. But we at RBI are constantly reviewing the quality of service, rendered by banks in order to bring about more improvements.
The challenges to monetary policy formulation  On the part of the BSP, we formulate monetary policy against an assessment of global and domestic economic issues and developments. BIS Review 100/2007  1  We are mindful of the range of circumstances in recent times which draws important challenges for Philippine monetary policy. Plentiful global liquidity. The strong foreign exchange inflows into Asia.