Latest Breaking News On - He bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments - Page 2 : comparemela.com
UPTICK. The rate of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) increased once more this week in line with the rise in the central bank's key rates. Both the seven-day and 14-day facilities posted oversubscription but BSP Deputy Governor Francisco Dakila Jr. cited investors' preference for the shorter dated TDF. (Photo courtesy of BSP) MANILA - The Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) posted another rate uptick on Wednesday as the central bank continued to hike its policy rates. The average rate of the seven-day facility increased to 3.8051 percent and the 14-day's to 3.8454 percent. These were at 3.7876 percent for the one-week facility and 3.8099 percent for the two-week tenor during the auction last Aug. 25. The BSP hiked the offer volume for both tenors and both registered over subscription. It increased the offer volume for the one-week facility to PHP140 billion from last week's PHP120 billion. This was full
RATE UPTICK. The average rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day securities increases anew on Friday (Aug. 19, 2022). BSP Deputy Governor Francisco Dakila Jr. traced this to another hike in the central bank's key rates. (Photo courtesy of BSP) MANILA - The Bangko Sentral ng Pilipinas' (BSP) 28-day securities registered on Friday another rate increase even as demand remained high. Data released by the central bank showed that the average rate of the debt paper increased to 3.9762 percent from 3.7564 percent during the auction last August 12. The BSP offered the debt paper for PHP120 billion, lower than the PHP160 billion last week. Total bids reached PHP147.6 million, thus the full award of the securities. In a statement, BSP Deputy Governor Francisco Dakila Jr. said yields accepted in this week's securities trading "shifted higher to a range of 3.7500-4.2000 percent." "The results of the BSP bill auction reflected the increase in the BSP pol
BSP Deputy Governor Francisco Dakila Jr. (Photo from BSP) MANILA - The Bangko Sentral ng Pilipinas' (BSP) 28-day securities registered oversubscription on Friday amid higher volume offer, and its interest rate jumped anew. Data released by the central bank showed that the average rate of the BSP bills, which is among the central bank's excess liquidity mopping tools, rose to 2.4109 percent from 2.3183 percent during the auction on May 20. The BSP hiked the offer volume for the auction this week to PHP150 billion, which was fully awarded, from last week's PHP140 billion. Bids totaled PHP177.1 billion, resulting in a bid coverage ratio of 1.1807. In a statement, BSP Deputy Governor Francisco Dakila Jr. said the range of yields accepted this week "shifted higher with a generally unchanged range at 2.1875 to 2.5588 percent." He said demand for the debt paper remains as shown by the volume of bids submitted during the auction. "Moreover, liquidity in the financial
BSP Deputy Governor Francisco Dakila Jr. (PNA file photo) MANILA - Rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday and the seven-day facility was undersubscribed, following the hike in the central bank's key rates last week. Data released by the central bank showed that average rate of the one-week facility increased to 2.1962 percent and the 14-day facility's to 2.2369 percent. These were at 1.9823 percent and 2.0932 percent for the one-week and two-week TDF during the auction last May 18. BSP increased the offer volume for the one week facility to PHP130 billion from last week's PHP120 billion. Total bids reached PHP114.843 billion, which the auction committee fully accepted. Bid coverage ratio stood at 0.8834. Also, offer volume for the 14-day TDF was increased to PHP150 billion from last week's PHP140 billion. The auction committee made a full award. Bid coverage ratio stood at 1.2413. TDF is among the central b
BSP Deputy Governor Francisco Dakila Jr. (PNA file photo) MANILA - Rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday and the seven-day facility was undersubscribed, following the hike in the central bank's key rates last week. Data released by the central bank showed that average rate of the one-week facility increased to 2.1962 percent and the 14-day facility's to 2.2369 percent. These were at 1.9823 percent and 2.0932 percent for the one-week and two-week TDF during the auction last May 18. BSP increased the offer volume for the one week facility to PHP130 billion from last week's PHP120 billion. Total bids reached PHP114.843 billion, which the auction committee fully accepted. Bid coverage ratio stood at 0.8834. Also, offer volume for the 14-day TDF was increased to PHP150 billion from last week's PHP140 billion. The auction committee made a full award. Bid coverage ratio stood at 1.2413. TDF is among the central b