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What is the objective of the BSP monetary policy?
One of the objective of BSP 's monetary policy is to stimulate a low and even inflation (increase in the general level of prices for goods and services) favorable to a balanced and sustainable economic growth (increase in the number of goods and services produced in the country.
What are the security features of the BSP?
The BSP did research and benchmarking on security features that are available from global suppliers and are being used by other central banks. The security features range from level 1 to level 4 or from highly visible to hidden security elements that can be detected only by sophisticated equipment. The layered security features are as follows:
How did the BSP respond to the financial crisis?
The BSP has responded to the crisis in a timely and decisive manner. We acted quickly by providing ample monetary stimulus to mitigate tightening liquidity conditions, boost business and consumer confidence, and ensure the continued orderly functioning of the financial system.
What are the extraordinary measures of the BSP?
Aside from the traditional monetary tools, the BSP has implemented other extraordinary measures, to the extent that our charter and other enabling laws allow, befitting this once in a life time crisis.
Last Update: Oct 2021
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