Average rates on Treasury bills were mixed in Monday's auction, with six-month and 12-month debt papers seeing a softening of yields due to expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP). However, uncertainty continued to push yields on three-month bills higher.
Philippine inflation decelerated to 1.8 percent in March, its slowest pace since the 1.6 percent registered in May 2020 when the economic activities was challenged by the COVID-19 pandemic-related lockdowns. This decline, down from 2.1 percent in February, was largely driven by lower food prices, particularly rice, which saw a significant annual decrease.
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.
Agriculture Secretary Francisco P. Tiu Laurel Jr. led the Department of Agriculture’s (DA) visit to Batanes to launch the “P20 Benteng Bigas, Meron Na!” program and distribute over ₱13 million in agricultural and fisheries support.
Japanese Defense Minister Gen Nakatani held a video teleconference with Philippine Secretary of National Defense Gilberto Teodoro, reaffirming defense cooperation and humanitarian assistance efforts.
World, the digital identity project co-founded by Sam Altman and developed by Tools for Humanity (TFH), said Thursday it will file a motion for reconsideration with the National Privacy Commission (NPC) following a cease and desist order (CDO) that halted its Philippine operations.