Tag: BSP

Average rates on Treasury bills (T-bills) increased during Monday's auction, ahead of the March inflation data release and the upcoming Bangko Sentral ng Pilipinas (BSP) monetary policy meeting.

Average rates for Treasury bills (T-bills) were mixed at Monday’s auction, as market participants anticipated that the Bangko Sentral ng Pilipinas (BSP) is unlikely to resume monetary policy easing after the US Federal Reserve’s decision to hold rates steady.

Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.

The country's balance of payments (BOP) posted a surplus of USD609 million in 2024, a decline from the USD3.7 billion surplus in 2023, according to the Bangko Sentral ng Pilipinas (BSP). This, the BSP said, was driven by a widened current account deficit, which grew by 41.4 percent to USD17.5 billion for the year. The deficit stemmed from a larger trade deficit and reduced receipts in services, partially offset by increased income transfers.

Gold, as an asset, isn’t considered a favorable investment by the Bangko Sentral ng Pilipinas (BSP), as it typically leads to a negative carry due to custodial costs and price volatility.