The balance-of-risks portion of the statement also provides information about the likely course of policy, but it does so more indirectly by describing the Committee’s assessment of the potential risks to its dual objectives of maximum sustainable employment and price stability rather than by commenting on the policy rate itself.
Fellow advocates of microfinance, let us continue to work together therefore to strengthen and sustain partnerships for microfinance. In October this year, the Microcredit Summit Campaign will hold its 16th summit in Manila in partnership with the MCPI and with support from the BSP. The theme for this year’s conference revolves around Partnerships against Poverty.