This will make credit more accessible to a broader set of users and ensure a more efficient mobilization of resources. In summary, the BSP is prepared to take all necessary actions to address the threat of high inflation and promote price stability. We also continue to be mindful of the impact of any policy action on the economy’s growth momentum.
The resiliency of our economy allows us to have greater flexibility in responding to the challenges that come our way. I am now ready to discuss the issues of particular interest to you. Thank you. BIS Review 94/2008  3