Graph 7  Wages Growth Year-ended %  % Average earnings per head*  6  Wage Price Index**  4  6  4  2  2  0  0  -2  2010 * **  2013  2016  2019  2022  -2  Non-farm. Excluding bonuses and commissions.
At the Bangko Sentral, the challenge is for us be responsive to the changing demands of the industry, specifically in areas of policy, supervision and regulation. Last year, for instance, the Bangko Sentral approved the Micro-Agri Product (MAP) to address the financing needs of small farmers.