Q. The central bank, Bangko Sentral ng Pilipinas (BSP), has been taking steps to protect the economy during [the crisis]. Can you explain some of the processes that the central bank is implementing? And did this speed up the decision to cut rates?
A: The global pandemic has highlighted the fragility of human life and my thoughts go out to all that have been affected by it. In the Philippines, we are taking decisive and necessary actions to protect Filipino lives and livelihoods, especially the most vulnerable.
