Latest Breaking News On - S well as undersubscription for the one week facility bsp data show that average rate of seven day tdf rose to 6 3445 percent from 3037 during auction last jan 25 14 also inched up 3510 39s 3457 ina statement on thursday - Page 1 : comparemela.com

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

Bangko sentralFrancisco dakila jrGovernor francisco dakilaManila banks 39 decision to continue holding on their funds resulted in the upticks rates of bangko sentral ng pilipinas bsp term deposit facility tdfS well as undersubscription for the one week facility bsp data show that average rate of seven day tdf rose to 6 3445 percent from 3037 during auction last jan 25 14 also inched up 3510 39s 3457 ina statement on thursdaySp deputy governor francisco dakila jr said accepted yields for the one week facility quot narrowed to 6 2500 4375 percent and 2000 4175 two tdf meanwhileHe bsp lowered the offer volume for seven day tdf to php150 billion from previous auction 39s php180Nd the two week facility to php120 billion from php140 previously dakila said this was quot based on actual bids received last tenders for seven day reached php145 279Hich the auction committee fully awarded bids for 14 day tdf surpassed offer volume after it totalled to php132 544 billion madea full award dakila said total during this week 39s quot was within bsp expected range results of came as eligible counterparties tended immediate client requirements moving forwardHe bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developmentsUot he said pna