Our mandate is clear: “maintain price stability conducive to a balanced and sustainable growth of the economy and employment.” Our objective in the BSP is to protect the real purchasing power of the peso to support conditions for long-term economic growth.
With your presence in this annual corporate planning and budgeting process summit, I know you are fully aware of the importance of efficient allocation of resources. As a central banker, I would argue that price stability is closely linked with financial efficiency. If the prices are low and stable, financial planners are better equipped to allocate resources to their most efficient use.