Your Morning Fix

• The Bangko Sentral ng Pilipinas will eliminate reserve requirements for trust accounts and mortgage-backed certificates starting February 27 to increase liquidity and lower costs for lenders.
• Philippine Finance Secretary Frederick D. Go expressed confidence that the Bureau of Customs will hit a record PHP 1-trillion revenue target in 2026.
• Japan’s annual wholesale inflation slowed to 2.3% in January from 2.4% in December as falling fuel costs provided relief, though a weak yen simultaneously pushed up import prices.
• US weekly jobless claims dipped to 227,000 as the labor market showed signs of stabilization following winter weather disruptions, though continuing claims rose to 1.862 million.
• US existing home sales plummeted 8.4% to a two-year low in January, as a 0.8% dip in available housing supply pushed the median home price to a record January high of USD 396,800.