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Central banks often also oversee the commercial banking system of their respective countries.
Central banks in most developed nations are independent in that they operate under rules designed to render them free from political interference.
Examples included the European Central Bank (ECB), the Bank of England, and the Federal Reserve System of the United States.
The
primary objective of BSP's monetary policy is to promote a low and stable inflation conducive to a balanced and sustainable economic growth.
The
BSP provides policy directions in the areas of money, banking and credit.
The new BSP logo is a perfect round shape in blue that features three gold stars and a stylized Philippine eagle rendered in white strokes.