The Bangko Sentral ng Pilipinas takes into account the real sector in formulating its monetary policy. THE MANILA TIMES FILE PHOTO
The Bangko Sentral ng Pilipinas (BSP) said that the real estate industry is a critical sector in its monetary policy and financial regulation.
During the Real Estate Brokers Association of the Philippines 43rd Annual National Convention last week, BSP Governor Benjamin Diokno said asset values cause volatility in general price levels and economic production.