To further your understanding of the two perspectives, I would like to assess the developments in economic activity and prices that I have explained based on these two perspectives. The first perspective involves assessing whether the most likely outlook for economic activity and prices will remain on the path of sustainable growth under price stability.
In 2021, the value of SSS disbursements coursed through PESONet reached P158.47 billion and there is room for further growth with the launch of these digital initiatives. The numbers showing the use of digital payments and those with financial accounts are encouraging. The BSP exceeded its target of digitalizing a fifth of retail payments by end 2020.