How large an influence and whether it is stabilizing or destabilizing probably varies over time, as do the costs it imposes on the economy. What should policy-makers do? What, if anything, should policy-makers do about high and volatile commodity prices? The answer depends critically on the diagnosis. Is there a market failure that needs to be corrected?
We will continue to pursue goals that will benefit the Filipino people. We will persevere in pushing initiatives that will ensure that every Filipino has wider access to financial products and services.