The experience of a sustained period of low inflation could depress underlying trend inflation by feeding into lower inflation expectations, further reducing nominal  -5interest rates and the space to cut interest rates in what could become a downward spiral.
Our pre-colonial collection provides insights into a glorious past we Filipinos can be truly proud of: •  first, that we had a distinct culture and art tradition that resulted from a fusion of indigenous and diverse foreign influences;  •  second, that our ancestors had both the artistry and the technical ingenuity to craft these magnificent and complex gold pieces that remain much-admired by contemporary artisans; and  •  third, that we had a flourishing economy with active domestic and international trade conducted through barter and gold payment.