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November 28, 2023

SSS Enlists LandBank and DBP as fund managers

The Social Security System (SSS) has enlisted LandBank and DBP as fund managers for a P2 billion investment, with the banks’ Trust Banking Group receiving P1 billion each in two tranches.

BSP holds steady at 6.5% amidst inflation risks

The Bangko Sentral ng Pilipinas (BSP) maintains its benchmark interest rate at 6.5%, emphasizing a sufficiently tight policy stance despite higher risk-adjusted inflation forecasts, while remaining vigilant to potential upside risks.