Treasury bill rates continued to ease this week as investors bet on the growing likelihood of monetary policy easing, following softer-than-expected inflation data in the US.
With official jobs data unavailable due to the US government shutdown since October 1, markets turned to the Federal Reserve’s Beige Book for a pulse on the economy. It merely confirmed what previous official data showed—tepid business and economic activity that had earlier spurred the Fed to cut interest rates in hopes of jumpstarting a muted labor market.
Federal Reserve Chair Jerome Powell on Monday signaled the likelihood of further monetary policy easing, saying recent data suggest little change in inflation and employment conditions since the central bank’s last rate cut in September.
A fresh bout of uncertainty and mounting anticipation of a Federal Reserve interest rate cut added glitter to gold, pushing it to a record high on Tuesday.
A temporary rice import ban ordered by Ferdinand Marcos Jr. from September to December 2025 has pushed up farmgate prices of palay (unmilled rice) across the country, helping farmers recover from months of losses but raising concerns about possible higher rice prices for consumers.
As more people celebrate Valentine’s Day online, the Bank of the Philippine Islands (BPI) urges caution and for the public to protect personal and financial information.