mario draghi : ecb press conference – introductory statement introductory statement by mr mario draghi, president of the european central bank, and mr vitor constancio, vice - president of the european central bank, frankfurt am main, 3 september 2015. * * * ladies and gentlemen, the vice - president and i are very pleased to welcome you to our press conference. we will now report on the outcome of today ’ s meeting of the governing council. as usual, let me start with the decisions taken. based on our regular economic and monetary analysis, and in line with our forward guidance, the governing council decided to keep the key ecb interest rates unchanged. our asset purchase programme continues to proceed smoothly. regarding non - standard monetary policy measures, following the announced review of the public sector purchase programme ’ s issue share limit after the first six months of purchases, the governing council decided to increase the issue share limit from the initial limit of 25 % to 33 %, subject to a case - by - case verification that this would not create a situation whereby the eurosystem would have blocking minority power, in which case the issue share limit would remain at 25 %. underlying our monetary policy assessment was a review of recent data, new staff macroeconomic projections and an interim evaluation of recent market fluctuations. the information available indicates a continued though somewhat weaker economic recovery and a slower increase in inflation rates compared with earlier expectations. more recently, renewed downside risks have emerged to the outlook for growth and inflation. however, owing to sharp fluctuations in financial and commodity markets, the governing council judged it premature to conclude on whether these developments could have a lasting impact on the outlook for prices and on the achievement of a sustainable path of inflation towards our medium - term aim, or whether they should be considered to be mainly transitory. accordingly, the governing council will closely monitor all relevant incoming information. it emphasises its willingness and ability to act, if warranted, by using all the instruments available within its mandate and, in particular, recalls that the asset purchase programme provides sufficient flexibility in terms of adjusting the size, composition and duration of the programme. in the meantime, we will fully implement our monthly asset purchases of €60 billion. these purchases have a favourable impact on the cost and availability of credit for firms and households. they are intended to run until the end of september 2016, or beyond, if necessary, and, in any case, until we see a sustained adjustment in the path of inflation that is

benjamin e diokno : central banking beyond numbers speech by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the bankers'night and book launch, manila, 26 july 2019. * * * our partners in the banking community and the private sector, members of the diplomatic corps, my colleagues in public service, good evening and welcome to the bangko sentral ng pilipinas. i am pleased to host tonight ’ s reception for the banking community. this month of july, we celebrate bsp ’ s 26th anniversary. at the same time, we commemorate an important milestone : the 70 years of central banking in the philippines. a distinguished heritage few institutions in the country can claim such a long and distinguished heritage. the book that we will launch shortly — written by career central bankers themselves — stands as a testament to this as we get a glimpse of what the central bank has done through these seven decades : the evolution of ideas, the progression to policies until its fruition to execution of programs and projects that ultimately redound to the benefit of the filipino people. if we look back on our path from the post - war 1949 central bank headed by our first governor miguel cuaderno, sr. up to today, we realize that the journey has not been easy. there were twists and turns, bumps and even detours but we held on and stayed on track. the passage of r. a. no. 11211 which amends the bsp charter is very timely as it enables us to cope with constantly evolving challenges. this new law bolsters our capability to safeguard the stability of prices and the financial system. a mandate for all this brings me to my next point — that strong institutions are critical in nation - building and this is true for a central bank. so for us here in bsp, our ability to deal with the risks and challenges of the economy is largely dependent on how well - prepared and pro - active the central bank is. we have our radars. we see the risks, the threats, and even gaps and opportunities. we address all these — and we have our toolkits that we would willingly use as needed. in the process, the numbers change and show good results : inflation is tamed ; philippine banks remain robust, well - funded, and adequately capitalized ; the credit - liquidity dynamics in the country are consistent with expanding economic activities ; the external