Fortunately, there is some recovery in international tourism. It is still way below what it used to be. Finally, you can see unemployment, by historical standards, is quite low. In short, the economy can take the policy rate increases. The real issue is how one can have targeted assistance to the most vulnerable.
Taking a Long-term View on Development External [credit rating] analysts, for instance, [noted that] we, [the Philippines], are not having general cuts in taxes. I was told by the central bank governor of Thailand that they had a "temporary" cut in VAT [value-added tax], and after 30 years, the temporary cut is still there. I think temporary things tend to be not temporary.