Fitch Ratings on Thursday, Feb. 17, affirmed the Philippines’ credit rating of “BBB,” which is a notch above minimum investment grade, citing economic gains that demonstrate sustained recovery from the COVID-19 crisis.
At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.0 percent. The interest rates on the...
The Bangko Sentral ng Pilipinas (BSP) commended the Philippine Congress for the passage of the Financial Consumer Protection Act (FCPA) and the amendments to the Philippine Deposit Insurance Corporation (PDIC) charter.
“The...
The country’s net employment creation in December 2021 signals that the economy is on the right track to recovery, said the National Economic and Development Authority (NEDA).
The January 2022 inflation of 3.0% is consistent with BSP expectations that inflation will decelerate further in coming months, reverting back to the target range over the policy horizon.
The Philippine government continues to strengthen its policies to support the livestock industry and reduce food prices, the National Economic and Development Authority (NEDA) said.
As reported by the Philippine Statistics Authority...
