Second, to maintain the stability of the financial system. Third, to ensure the continued delivery of financial services to the public. Lastly, to shore up confidence and cushion economic activity.
2/4  BIS central bankers' speeches  In fact, the BSP has injected a total of P1.5 trillion to the financial system, equivalent to about 7.6 percent of gross domestic product (GDP), as part of its liquidity-easing measures to address the impact of COVID-19 pandemic.