We cannot ignore the fact that we are experiencing the worst global financial crisis for 66 years! What do you say to your critics? What exactly is the criticism? Have we delivered price stability since the inception of the euro – both before and during the crisis? Are we credible in delivering price stability over the next ten years?
Quite a number of analysts, rating agencies, market players even Ciel himself (or shall I say, ALSO Ciel) agree with the BSP on this. 2007 was a remarkable year for the Philippines. Can we do a repeat?