Latest Breaking News On - Demand still strong the rate of bangko sentral ng pilipinas 39 bsp term deposit facility tdf ends mixed on wednesday may 11 - 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