Philippine Treasury bill yields moved higher at Monday’s auction, as markets adjusted to the Bangko Sentral ng Pilipinas’ shift toward tighter monetary policy amid rising inflation risks.
Consumer sentiment in the Philippines improved at the start of 2026, but both households and businesses are growing more cautious about the months ahead, according to surveys by the Bangko Sentral ng Pilipinas (BSP). The shifting outlook highlights the delicate balance policymakers face as they weigh inflation risks against slowing economic momentum.
The Bangko Sentral ng Pilipinas (BSP) has signaled that its interest rate easing cycle has come to an end, with Governor Eli Remolona saying the latest 25-basis-point adjustment will likely be the last.