The Central Bank of the Philippines welcomed Rating and Investment Information Inc.’s affirmation of the Philippines’ A-minus investment-grade credit rating with a stable outlook. It linked the assessment to sound macroeconomic fundamentals, a stable banking system, an efficient payments system and a healthy external position. The central bank remains focused on bringing inflation closer to its 3% target and will maintain a forward-looking, data-driven approach to monetary policy, financial supervision, payments oversight and external sector management.