He Rate Of The 14 Day Facility Declined To 6 3733 Percent From Last Week 39s 3980 Central Bank Lowered Offering For Both Tenors This Php190 Billion Php220 One And Php160 Php170 Two Tdf Auction Committee Fully Awarded Shorter Dated After Bids Reached Php259 374 However News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BSP Deputy Governor Francisco Dakila Jr. (File photo) MANILA - Rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) declined on Wednesday, with demand favoring the shorter tenor facility. Data released by the central bank show that the average rate of the seven-day TDF slipped to 6.2973 percent from 6.3553 percent during the auction last Jan. 11. Also, the rate of the 14-day facility declined to 6.3733 percent from last week's 6.3980 percent. The central bank lowered the offering for both tenors this week to PHP190 billion from last week's PHP220 billion for the one-week facility and to PHP160 billion from PHP170 billion for the two-week TDF. The auction committee fully awarded the shorter-dated TDF after bids reached PHP259.374 billion. However, bids for the two-week facility only amounted to PHP144.785 billion, which the auction committee fully accepted and awarded. BSP Deputy Governor Francisco Dakila Jr., in a statement, said bids submitted in thi

Bangko sentralFrancisco dakila jrBsp deputy governor francisco dakila jr file photo manila rates of the bangko sentral ng pilipinas 39 term deposit facility tdf declined on wednesdayIth demand favoring the shorter tenor facility data released by central bank show that average rate of seven day tdf slipped to 6 2973 percent from 3553 during auction last jan 11 alsoHe rate of the 14 day facility declined to 6 3733 percent from last week 39s 3980 central bank lowered offering for both tenors this php190 billion php220 one and php160 php170 two tdf auction committee fully awarded shorter dated after bids reached php259 374 howeverIds for the two week facility only amounted to php144 785 billionHich the auction committee fully accepted and awarded bsp deputy governor francisco dakila jrCna statementAid bids submitted in this week 39s tdf auction were within monetary authorities 39 expected volume range he said yields accepted for the seven day quot shifted lower and widened to 6 0000 4000 percentHile that for the 14 day tenor widened to 6 1500 5088 percent quot results of tdf auction came as eligible counterparties reallocated their placements towards shorter part efforts manage liquidity in anticipation some client requirements moving forwardHe bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developmentsUot he added pna