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Establishing a benchmark yield curve - why we need it and how can we do it?

· Eli M Remolona, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, labour markets and jobs

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· Eli M Remolona Wiki · Bangko Sentral ng Pilipinas WikiEstablishing a benchmark yield curve - why we need it and how can we do it?

ContextSpeech at the 40th Environmental Scanning Exercise in Manila; Bangko Sentral ng Pilipinas keeps prices stable and wants deeper local bond markets.

Why it mattersRemolona argues a benchmark yield curve would improve how rate changes reach the economy.

Problems raised
  1. The Philippines lacks a benchmark yield curve.
  2. Monetary transmission is weak.
  3. Capital markets are shallow.
Solutions proposed
  1. Establish a benchmark yield curve.
  2. Strengthen monetary transmission.
  3. Collaborate on capital market development.
Read full speech on bis.org ↗

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