Benjamin E Diokno: Welcome remarks to the GRIPS Academic Conference Welcome remarks by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), to the GRIPS Academic Conference, Manila, 21 June 2019.
BIS central bankers’ speeches  1  As the economy has developed and the financial system has deepened, the Bank has strengthened its monetary policy framework with the introduction of Inflation Targeting. This framework allows for a more sophisticated approach to the proactive control of inflation using a publicly announced policy interest rate, which we call the Central Bank Rate.