non-factor services / bank lending / higher oil prices / energy components / bank / banking / volatile food / agricultural products / food inflation / oil prices / bank lending rates / Non-food inflation / oil products / /
Organization
Department of Finance / 1/ Advisory Committee / Monetary Board / Editha S. Alido Director Department of Economic Research / BANGKO SENTRAL NG PILIPINAS / National Statistics Office / Advisory Committee / Department of the Treasury / /
Person
Juan Quintos / Jr. / Amando M. Tetangco / Jr. / Editha S. Alido / Rafael B. Buenaventura / Melito S. Salazar / Jr. / Raul A. Boncan / Juanita D. Amatong / Santiago Acting / Antonino L. Alindogan / Jr. / Vicente B. Valdepeñas / Jr. / Monetary Stability / Alberto V. Reyes / Cesar V. Purisima / /
Position
Governor / Chairman / President / Diwa C. Guinigundo Assistant Governor / Managing Director / Deputy Governor / Secretary / /
FOREWORD T he primary objective of monetary policy is to promote a low and stable rate of inflation conducive to balanced and sustainable economic growth. The adoption in