The launch and dissemination of the Monetary Policy Statement is consistent with the key governance imperatives of transparency and accountability in the formulation and implementation of monetary  policy. The  Statement  seeks  to  promote  an  understanding of the conduct of monetary policy and its objectives and, accordingly, guide the public’s formation of expectations.
They view the Philippine banking system as well capitalized, profitable, and liquid, with deposit-funded balance sheets and sound loss-absorption capacities. In fact, the Philippines is the only country whose banking sector is on positive outlook at Moody’s; it raised the outlook to positive in December 2012.