Institutions that would engender a sound and upright policy framework… that would enforce the nation’s laws and regulations faithfully and consistently that would ensure the smoother functioning of the economy. The ongoing efforts to establish such institutions should help promote a stable and dependable business environment where entrepreneurial activity – particularly of the SME variety – can flourish.
On the part of the BSP, we continue to support the country’s macroeconomic fundamentals by firmly adhering to our mandate of safeguarding price stability and ensuring that the financial system remains resilient. The BSP will continue to draw upon its policy toolkit to ensure that liquidity remains adequate to fuel the economy’s requirements in an environment of low and stable prices.