In turn, price stability has enabled the economy to attract increasing amounts of private investment and grow rapidly at an average of 7.4 percent per annum in real terms over the course of the decade. Sound macroeconomic management ensured that our economy was able to withstand the external shocks from the global economic crisis and avoid recession.
Rafael Buenaventura: Raising the bar on consumer banking service Speech by Mr Rafael Buenaventura, Governor of Bangko Sentral ng Pilipinas (Central Bank of the Philippines), at the Bank Marketing Association of the Philippines’ (BMAP) 30th anniversary of upgrading bank-marketing practice, Makati City, 26 August 2004.