After these introductory comments on the mandate of the Reserve Bank, and our systems of accountability, let me turn to some specific governance issues. Formulation of monetary policy 16. Monetary policy decisions are made by the Governor. There is no formal committee structure like the FOMC of the Fed or the Monetary Policy Committee (MPC) of the Bank of England.
This accessibility supports our unwavering intention to communicate, raise awareness and to help businessmen, financial market players, scholars, as well as the general public to make informed choices about our respective futures. The report is not just a compilation of technical expressions. Rather, it is narrative, and is a compelling one. Thus far, the Philippines has enjoyed 78 quarters of uninterrupted growth.