As monetary policy has eased, fiscal policy will also play a key role in sustaining domestic economic activity. •  The BSP will continue to calibrate its actions appropriately to help achieve faster recovery of the domestic economy always taking into consideration the inflation outlook.
---------------  -  Moody’s Investors Service upgraded the Philippines’ foreign and local currency government ratings to Ba3 from B1, the country ceiling for foreign currency bank deposits to Ba3 from B1 and the country ceiling for foreign currency bonds to Ba1 from Ba3.