In the most recent review, for example, we examined how to deal with asset-price bubbles and looked at the appropriate time horizon for returning inflation to target following an economic or financial shock. In preparation for the next review of our inflation targeting agreement in 2011, we are conducting an intensive research program into possible improvements to our policy framework.
11211, or the ‘New Central Bank Act’ last year, you can be assured that we will remain steadfast to its expanded mandates. We will ensure the implementation the reforms provided in the Act to improve BSP’s corporate viability and to align its operations with global best practices in central banking.