The residual movement in rates – subject of course to the general large uncertainty one faces when relying on model-based analysis – would then be due to other forces largely outside our direct control. These include, for instance, spillovers from other major economies, flight-to-quality related movements into safe assets, or changes in investors’ outlook for growth and inflation.
Our logo has a round shape, to symbolize our unending quest to become an excellent monetary authority committed to improve the quality of life of Filipinos. It is fitting that we are implementing these changes just a week after the assumption into office of President Benigno Aquino III. He stood for change and received an overwhelming mandate from our people with a landslide win.