BSP promises to deliver financial stability
Amid economic and financial woes, the Philippines’ central bank Bangko Sentral ng Pilipinas (BSP) reassured the country of its commitment to provide financial stability and a safe and efficient payment system to back the country’s socioeconomic agenda.
“The goal of the central bank is to create a conducive environment where both of them [the national government and the private sector] can plan better,” said Medalla in a statement.
“There’s a lot of things that this government can achieve. We will do our best to create the monetary and payments environment that will get the best out of this administration,” he added.
The central bank assured that the headline inflation in the country would be between 2 and 4 percent, and possibly near 3 percent by the second half of 2023.
Medalla stressed the continuity of good fiscal and monetary management in the Philippines that provides a conducive environment for investors.
President Ferdinand “Bongbong” Marcos Jr., during an official visit to the United States said that the Philippine government has created an even wider space for mutually beneficial investments while rebuilding the domestic economy for rapid growth.
