The Bangko Sentral ng Pilipinas joins the Philippine Economic Briefing in Singapore
Bangko Sentral ng Pilipinas Governor Felipe M. Medalla, joined the economic managers in the first Philippine Economic Briefing (PEB) under President Marcos, Jr. in Singapore.
Medalla stressed at the PEB panel discussion that the BSP is committed to promoting price stability to assist the government's broader socioeconomic goals.
“Monetary policy still has much headroom. The BSP has more than enough capacity to make sure that we will return to a target-consistent inflation path,” Medalla said.
“Moreover, our banks are strong, well-run, and growing without sacrificing the stability of the financial system and safety of depositors – providing the basis for a strong domestic recovery,” he added.
The BSP will keep promoting the stability of the Philippine financial and payment systems while emphasizing the rise in Foreign Direct Investments, the resilience of Filipinos' remittances, and the huge gross international reserves of the country, Medalla said.
In a keynote speech, President Marcos expressed his administration's commitment to establishing "an even more competitive business climate conducive to high-value investments."
SM Investments Corporation Vice-Chairperson Teresita Sy-Coson, Finance Secretary Benjamin E. Diokno, Socioeconomic Planning Secretary Arsenio M. Balisacan, Budget Secretary Amenah F. Pangandaman, and Governor Medalla participated in the panel discussion.
The Philippine Economic Briefing’s goal is to update the global business and financial communities on the socioeconomic agenda of the Marcos administration, investment opportunities, and the economic performance of the Philippines.
The briefing was held on the sidelines of President Marcos’ state visit to Singapore.
Tags: #BSP, #PEB