Speaking at a press conference, BSP Governor Eli Remolona Jr. said the central bank aims to develop deeper and more liquid financial markets, with the goal of improving the transmission of monetary policy and enhancing the overall economic outlook.
He likened financial markets to a horse race, emphasizing that differing opinions among market participants are crucial for creating liquidity and promoting active trading.
"In a market, the more differences in opinion there are, the more liquidity there is, the more trading. So the more diversified the participants are, the more likely you'll find a difference of opinion," he said.
"The differences in opinions are reconciled in the market. There's a consensus that is built in the market that people trade. That's what we want," Remolona said.
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