For example, older employees and lower-skilled immigrants would need to be given consistent training and professional development. The potential offered by digitalisation should be tapped just as consistently. Looking back at the past 25 years, it can be seen just how remarkable the efficiency gains in the digital sectors have been compared with those in the rest of the economy (see Chart 13).
Therefore, I really thank my predecessors, the former central bank governors, but I cannot think of anybody who has contributed more than [former Governor] Say Tetangco. [We had] 12 years of him [as central bank governor]. Say played a special role because this was the time we became an inflation-targeting central bank1.