Yields on treasury bills continued their downward trend at Monday’s auction, driven by expectations of further monetary policy easing amid signs of cooling inflation.
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Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.
Treasury bill yields fell across all tenors at Monday’s auction, as the sharp deceleration in April inflation heightened expectations of potential monetary policy easing.
The Bangko Sentral ng Pilipinas (BSP) forecasts that inflation in April will stay subdued, likely settling between 1.3 percent and 2.1 percent, continuing the downward trend seen in previous months. This outlook suggests easing price pressures for both households and businesses amid favorable supply conditions and global commodity trends.
Inflation in the Philippines could ease further in April, following a drop to 1.8 percent in March—the slowest pace since May 2020—if rice prices continue to decline in the latter half of the month.
The lack of reliable transport services, far more than the lack of access to electricity or access to safe water sources, remains the biggest hindrance to economic expansion among countries in Asia and the Pacific like the Philippines, the Asia Development Bank said.
The inter-agency Cybercrime Investigation and Coordinating Center (CICC) has issued a warning to content creators in the country, urging them to stop promoting illegal online gambling platforms.
Batangas 1st District Representative Leandro Legarda Leviste has begun distributing P1,000 allowances to over 150,000 public school students in his district, using personal funds through his Lingkod Legarda Leviste Foundation.