Latest Breaking News On - 022 although the demand remained strong bsp deputy governor francisco dakila jr said results of tdf auction point toa normalization in liquidity conditions amid ample supply financial system pna file photo manila bangko sentral ng pilipinas lowered offer volume for two week term deposit facility on wednesday - Page 1 : comparemela.com

DEMAND STILL STRONG. The rate of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) ends mixed on Wednesday (May 11, 2022) although the demand remained strong. BSP Deputy Governor Francisco Dakila Jr. said the results of the TDF auction point to a normalization in liquidity conditions amid ample supply in the financial system. (PNA file photo) MANILA - The Bangko Sentral ng Pilipinas (BSP) lowered the offer volume for the two-week term deposit facility (TDF) on Wednesday, citing "reduced system liquidity" but both tenors were oversubscribed and yields were mixed. Offer volume for the seven-day TDF was kept at PHP100 billion while the two-week facility was offered for PHP140 billion from the previous week's PHP170 billion. Both tenors were fully awarded. The average rate of the seven-day facility was almost unchanged at 1.9599 percent from 1.9597 percent during the auction last May 4, while the rate of the two-week facility dipped to 2.0287 percent from

Bangko sentralFrancisco dakila jrGovernor francisco dakilaDemand still strong the rate of bangko sentral ng pilipinas 39 bsp term deposit facility tdf ends mixed on wednesday may 11022 although the demand remained strong bsp deputy governor francisco dakila jr said results of tdf auction point toa normalization in liquidity conditions amid ample supply financial system pna file photo manila bangko sentral ng pilipinas lowered offer volume for two week term deposit facility on wednesdayIting quot reduced system liquidity but both tenors were oversubscribed and yields mixed offer volume for the seven day tdf was kept at php100 billion while two week facility offered php140 from previous 39s php170 fully awarded average rate of almost unchanged 1 9599 percent 9597 during auction last may 4Hile the rate of two week facility dipped to 2 0287 percent from 0352 last total tenders for one reached php150 945 billionEsulting ina bid coverage ratio of 1 5095 bids for the two week tdf reached php161 602 billionRinging the bid coverage ratio to 1 1543 ina statementSp deputy governor francisco dakila jr said accepted yields for the one week tdf quot shifted higher but narrowed toa range of 1 9200 9827 percent while two facility lower and slightly to 9000 2 2500 results auction point normalization in liquidity conditions amid ample supply financial system going forwardHe bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developmentsUot he said pna