BSP's monetary toolkit up for further refinement
The Philippine Star|September 19, 2024
The Bangko Sentral ng Pilipinas (BSP) is eyeing to make further refinements to its securities facilities as part of continued efforts to deepen market liquidity and improve the transmission of monetary policy.
KEISHA TA-ASAN
BSP's monetary toolkit up for further refinement

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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