The many reforms put in place by the BSP, along with the banks’ significantly improved risk governance have resulted in clear improvements in the quality of Philippine banks’ assets and loan portfolios as well as in strong capitalization.
6  BIS central bankers’ speeches  Demand factors Price pressures can emanate from the supply side but it will be difficult to sustain it without rising demand. In this context, important information on recent trend in expenditure pattern and wages is available from the 66th round of NSSO consumption survey and Labour Bureau.