I suppose they will help the BSP in every way they can. Now, the board members whose terms expire three years from now: Bruce Tolentino, Annie Aquino, and, of course, Gov. Eli, who finished my term as a board member and is now Governor.
These can include a range of instruments outside the toolbox of the Central Bank, including tax policy, but they can also include such central banking and regulatory tools as capital adequacy surcharges, loan-to-value (LTV) and loan-to-income (LTI) caps for residential mortgages. The last two-mentioned instruments are not governed by EU law and are a matter for local discretion.