the bsp has adopted various disclosure and reporting mechanisms which you are familiar with. these mechanisms are intended to help the public understand what the bsp is doing and the reasons for its monetary policy actions. for instance, we have the : 1 ) press statement after the meeting of the monetary board on bsp ’ s monetary policy stance ; 2 ) highlights of the monetary board discussion which is published in our website after a lag of six weeks ; and 3 ) quarterly inflation report and the related media briefing. as a bonus, you also get a monthly dose of our inflation forecast relative to our annual target. we also hold public discussions to increase public understanding and ownership of the monetary policy process. the public information campaign in various locations around the country has helped increase the public ’ s familiarity with inflation targeting and monetary policy in general. the bsp ’ s communication approach has been aimed at the very broadest audience possible, with the policy stance articulated in layman ’ s terms as much as possible. this approach has generated positive feedback from various quarters and served bsp in good stead. the role of economic journalists in assessing our performance in the communications front, i believe we are making good progress and headed in the right direction. we are well aware that earning the people ’ s trust in the credibility of the bsp remains an ongoing challenge. we know that the familiarity of the general public with the bsp and its functions still needs to be further enhanced. in this regard, economic journalists have a very important role to play. along with other forms of media, you have the responsibility of informing the public about the bsp ’ s monetary and banking policies. in the process you contribute to constructive public dialogue on such policies and not simply noise. the central purpose of journalism is to provide citizens with accurate and reliable information that they need to function in a free society. to achieve this, we conduct regular briefings for you and other members of the press on economic concepts and issues. we hope that you will continue to help us convey to the public the bsp ’ s policies and decisions in a clear, accurate and balanced manner. malaki po ang inyong naitutulong sa pagpapalaganap ng mga layunin namin sa bangko sentral. naniniwala po ako, na dahil sa inyong tulong, mas mabilis na nagiging malinaw sa ating mga mamayan ang mga polisiya ng bang

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