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MANILA—President Ferdinand R. Marcos Jr. on Wednesday hosted a lunch for the 100th birthday of his chief legal counsel, Juan Ponce Enrile, and honored the centenarian’s significant contributions to the country’s development. Marcos thanked Enrile for taking on the challenge as the Chief Presidential Legal Counsel under the current administration,…

The Monetary Board sees some risks to the inflation outlook receding, but it nevertheless maintains a 'more prudent monetary policy stance' by keeping rates high

The Bangko Sentral ng Pilipinas kept its policy rates unchanged on Thursday citing slowing inflation. The Monetary Board, led by Governor Eli Remolona, retained the target reverse repurchase rate at 6.

THE Monetary Board, the highest policymaking body of the Bangko Sentral ng Pilipinas (BSP), has left the Target Reverse Repurchase (RRP) Rate unchanged for the second time in a row. With the decision, the country’s key policy rate was maintained at 6.5 percent. The interest rates on the overnight deposit…

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