BSP: Policy vigilance to continue after S&P tempers Philippine outlook

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said it would continue monitoring the impact of the Middle East war on the local economy after debt watcher S&P Global Ratings downgraded its sovereign outlook to “stable” from “positive”. “The BSP will continue to monitor local and overseas data to effect policies aimed at safeguarding price and financial stability amid a challenging economic and geopolitical landscape,” Governor Eli Remolona Jr. said in a press statement on Thursday. A stable outlook signals that the country’s “BBB+” investment-grade rating — which S&P affirmed on Thursday — is unlikely to change over the next […]... Keep on reading: BSP: Policy vigilance to continue after S&P tempers Philippine outlook

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