Tag: interest rates
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Philippine Treasury Fully Allocates T-bill Auction Amid Rising Yields
In Manila, the Bureau of the Treasury (BTr) successfully met all bids for Treasury bills (T-bills) in Monday’s auction. The auction saw 91-day, 182-day, and 364-day T-bills being sold at average rates of 5.329 percent, 5.672 percent, and 5.754 percent, respectively. These rates show a slight increase from the previous week’s averages of 5.318 percent,…
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Finance Secretary Optimistic About Economic Growth as Inflation Stays Low
Finance Secretary Ralph Recto expressed optimism about the Philippine economy’s future, citing the country’s stable inflation rate as a key factor that could lead to further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP). According to the Philippine Statistics Authority, the nation’s headline inflation held steady at 2.9 percent, while core inflation, which…
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