Striving towards greater efficiency sometimes clashes with the aim of increased quality and security, which come at a price. This intention was, for instance, pursued with the EU regulation on coins from 2010. This regulation was, however, also criticised, in particular with regard to its partially impractical stipulations.
The Philippines’ robust economic growth has been accompanied by manageable inflation. We have established since 2009 a solid track record of meeting our inflation targets. Headline inflation’s year-to-date average rose to 3.7 percent (using the 2012 series) in 2018. This is at the high end of the target range of 3.0 percent ± 1.0 percentage point in 2018.