Latest Breaking News On - Hich attracted tenders amounting to php224 229 billion bids for the longer tenor tdf were lower than offer at php68 775 auction committee awarded php46 225 worth of debt securities ina statement - Page 1 : comparemela.com

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

Bangko sentralFrancisco dakila jrFederal reserveGovernor francisco dakilaMonetary boardRate hike expectations for another increase in the bangko sentral ng pilipinas 39 bsp key policy rates resulted upticks central bank 39s term deposit facility tdf deputy governor francisco dakila jr said preference shorter dated securities were up ahead of setting meeting photo courtesy manila rose anew on wednesday decisions both and federal reserve average seven day inched to 3 9942 percent 14 4 1681 these at 8543 tenor 9577 two week during auction last sept kept offer volume one php140 billion but lowered by php20 php80 offering committee fully awardedHich attracted tenders amounting to php224 229 billion bids for the longer tenor tdf were lower than offer at php68 775 auction committee awarded php46 225 worth of debt securities ina statementSp deputy governor francisco dakila jr said total bids in this week 39s tdf auction is higher than what they expected results quot reflect the continued preference for shorter tenor ahead of bsp policy meeting amid ample liquidity financial system making monetary board mb will have its rate setting on thursday and it to again raise central bank key rates by 50 basis points federal reserve are widely be increased at least 75 as us 39 inflation remains elevated going forwardHe bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developmentsUot dakila added pna