THE recent policy rate setting may have had a “partial pass-through” on the recent auction of interest-bearing term deposits, the central bank said. The Bangko Sentral ng Pilipinas (BSP) received last Wednesday total tenders worth P278.886 billion, which was below the BSP’s expected volume range. The central bank increased the…
Yields on term deposits rise after BSP tightening - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The central bank’s auction of 28-day securities on Friday, Nov. 18, received tenders worth P132.76 billion against offer of P120 billion, making it oversubscibed by 1.11 times.
The Bangko Sentral ng Pilipinas’ (BSP) bills also attracted higher yields, reflecting the recently raised BSP policy rate
The Bangko Sentral ng Pilipinas’ (BSP) auction of 28-day securities remained oversubscribed last week as the market anticipates the BSP Monetary Board’s interest rate hike on Thursday, Nov. 17, of 75 basis points (bps).
The BSP bills was offered at P120 billion last Friday, up from the previous we
TDF yields rise ahead of expected BSP tightening - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.