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RA 265 Section 64

Section 64

SEC. 64. Guiding principles—The Monetary Board shall endeavor to control any expansion or contraction in the money supply, or any rise or fall in prices, which in the opinion of the Board is prejudicial to the attainment or maintenance of a high level of production, employment, and real income. In adopting policies and measures in accordance with this principle the Monetary Board shall have due regard for their effects on the availability and cost of money to particular sectors of the economy as well as to the economy as a whole, and their effects on the relationship of domestic prices and costs to world prices and costs.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III.—GUIDING PRINCIPLES OF MONETARY ADMINISTRATION BY THE CENTRAL BANK →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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