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