Latest Breaking News On - He bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments quot pna - Page 1 : comparemela.com
MANILA - For the first time in months, the rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day bills declined amid strong demand from investors. Data released Friday showed that the average rate of the debt paper slipped to 4.0518 percent from 4.0596 percent during the auction on September 2. The BSP lowered the offer volume from PHP100 billion to PHP90 billion, which the auction committee fully awarded. Total bids reached PHP160.05 billion. BSP Deputy Governor Francisco Dakila Jr. said in a statement that yields accepted in the auction "shifted higher but narrowed to a range of 3.9200 (percent to) 4.0990 percent." "The results of the BSP bill auction point to the gradual return to normal liquidity conditions in the short-term market following the settlement of the Retail Treasury Bonds," he said. "Looking ahead, the BSP's monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments." (PNA) }
MANILA - Bangko Sentral ng Pilipinas' (BSP) 28-day bills attracted strong demand on Friday but its rate posted an uptick. Data released by the central bank showed that the paper, which is among the central bank's excess liquidity mopping tools, was offered anew for PHP120 billion and was fully awarded. Total tenders reached PHP154.09 billion. Its rate averaged 1.9523 percent, higher than the 1.9102 percent during the auction on April 22. In a statement, BSP said yields accepted during the auction this week "shifted slightly higher and widened to a range of 1.8950-2.0500 percent". "The results of the BSP bill auction reflect normal market conditions amid ample supply of liquidity in the financial system," it said. "Going forward, the BSP's monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments." (PNA) }