Your Morning Fix

• The Bangko Sentral ng Pilipinas lowered its key policy rate by 25 basis points for a sixth straight meeting, bringing the target reverse repurchase (RRP) rate) to 4.25%, to support the economy.
• The Philippine government has raised PHP 235 billion in fresh funds from its offering of new fixed rate Treasury notes (FXTNs), closing the public offer period a day after the rate-setting auction due to strong demand.
• The Philippines’ balance of payments deficit sharply narrowed to USD 373 million in the first month of 2026, narrowing sharply from the USD 4.078-billion gap recorded in the same month last year.
• US initial jobless claims fell by 23,000 to 206,000 in the week ended February 14, falling the most since November 2025, which indicates a stabilization in the labor market.
• The US trade deficit widened by 33% to USD 70.31 billion in December, on a seasonally adjusted basis, as imports increased and exports fell, delayed government data showed.