Latest Breaking News On - He bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments - Page 1 : comparemela.com
MANILA - The Bangko Sentral ng Pilipinas (BSP) fully awarded both the seven-day and 14-day term deposit facility (TDF) tenors on Wednesday due to strong demand despite the uptick in rates. It lowered the offer volume for the seven-day facility to PHP150 billion from last week's PHP190 billion and the two-week facility to PHP130 billion from PHP140 billion previously. Tenders for the one-week TDF reached PHP159.827 billion while it amounted to PHP164.959 billion for the two-week facility. In a statement, BSP Deputy Governor Francisco Dakila Jr. said total bids submitted during this week's TDF auction "was slightly above the BSP's expected volume range." This, after the central bank lowered the offer volume "based on actual bids received last week." The average rate of the one-week TDF rose to 6.3886 percent from 6.3559 percent during the auction last Feb. 15. The rate of the 14-day TDF also inched up to 6.4180 percent from last week's 6.3802 percent.
MANILA - Banks' decision to continue holding on to their funds resulted in the upticks in the rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF), as well as undersubscription for the one-week facility. BSP data show that the average rate of the seven-day TDF rose to 6.3445 percent from 6.3037 percent during the auction last Jan. 25. The rate of the 14-day facility also inched up to 6.3510 percent from last week's 6.3457 percent. In a statement on Thursday, BSP Deputy Governor Francisco Dakila Jr. said accepted yields for the one-week facility "narrowed to 6.2500-6.4375 percent" and to 6.2000-6.4175 percent for the two-week TDF. Meanwhile, the BSP lowered the offer volume for the seven-day TDF to PHP150 billion from the previous auction's PHP180 billion, and the two-week facility to PHP120 billion from PHP140 billion previously. Dakila said this was "based on actual bids received last week." Tenders for the seven-day facility
BSP Deputy Governor Francisco Dakila Jr. (File photo) MANILA - Rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) declined on Wednesday, with demand favoring the shorter tenor facility. Data released by the central bank show that the average rate of the seven-day TDF slipped to 6.2973 percent from 6.3553 percent during the auction last Jan. 11. Also, the rate of the 14-day facility declined to 6.3733 percent from last week's 6.3980 percent. The central bank lowered the offering for both tenors this week to PHP190 billion from last week's PHP220 billion for the one-week facility and to PHP160 billion from PHP170 billion for the two-week TDF. The auction committee fully awarded the shorter-dated TDF after bids reached PHP259.374 billion. However, bids for the two-week facility only amounted to PHP144.785 billion, which the auction committee fully accepted and awarded. BSP Deputy Governor Francisco Dakila Jr., in a statement, said bids submitted in thi
RATE HIKE. Expectations for another increase in the Bangko Sentral ng Pilipinas' (BSP) key policy rates resulted in the upticks in the central bank's term deposit facility (TDF) rates. BSP Deputy Governor Francisco Dakila Jr. said preference for shorter-dated securities were up ahead of the rate-setting meeting. (Photo courtesy of the BSP) MANILA - The rate of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday ahead of the rate setting meeting decisions of both the central bank and the Federal Reserve. The average rate of the seven-day facility inched up to 3.9942 percent and the 14-day facility to 4.1681 percent. These were at 3.8543 percent for the shorter tenor and 3.9577 percent for the two-week TDF during the auction last Sept. 14. The BSP kept the offer volume for the one-week TDF at PHP140 billion but lowered by PHP20 billion to PHP80 billion the offering for the two-week facility. The auction committee fully awarded the one-wee
RATE RISES. The average rates of the term deposit facility (TDF) rose on Wednesday (Sept. 14, 2022). Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila Jr. traced this to expectations for another hike in the central bank's rate during the meeting of the policy-making Monetary Board on Sept. 22. (Photo courtesy of the BSP) MANILA - The rate of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday in line with the path of domestic interest rates. Data released by the central bank showed that the average rate of the seven-day facility increased to 3.8543 percent and the 14-day facility's to 3.9577 percent. These were at 3.8357 percent for the seven-day facility and 3.8465 percent for the two-week TDF during the auction last Sept. 7. The BSP hiked the offer volume for both tenors by PHP20 billion each to PHP140 billion for the shorter-dated facility and to PHP100 billion for the longer-tenor. Tenders for the seven-day TDF reached PH