What is your take on these issues? We are glad that the discussion on the future of Europe and the euro has restarted. As a central bank, we shouldn’t interfere in the details of a political debate. But we have a stake in it. The crisis forced us to design instruments that made it possible to address a very difficult situation.
It is also worth noting that inflow of cash remittances from overseas Filipinos (OFs) coursed through banks remain steady reaching $ 2.5 billion in June. This is a 5.7-percent increase from the level posted in the same period a year ago. Meanwhile, export growth has actually picked up to around 13%.