Against this background, in its June meeting the Governing Council of the ECB decided to confirm its very accommodative monetary policy stance. ECB interest rates are expected to remain at their present or lower levels until we have seen the inflation outlook robustly converge to our target and such convergence has been consistently reflected in underlying inflation dynamics.
Today's presentation will focus not only on the Davao Region development but also on SOCCSKSARGEN and BARMM, particularly Maguindanao and Cotabato City. Overall, the economy of Mindanao remains afloat despite the pandemic. Davao Region is an emerging investment hub and is becoming a sustainable place for global business .