Manila The Bangko Sentral Ng Pilipinas Bsp Fully Awarded Both Seven Day And 14 Term Deposit Facility Tdf Tenors On Wednesday Due To Strong Demand Despite Uptick In Rates It Lowered Offer Volume For Php150 Billion From Last Week 39s Php190 Two Php130 Php140 Previously Tenders One Reached Php159 827 While Amounted Php164 959 Ina Statement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The Bangko Sentral ng Pilipinas (BSP) fully awarded both the seven-day and 14-day term deposit facility (TDF) tenors on Wednesday due to strong demand despite the uptick in rates. It lowered the offer volume for the seven-day facility to PHP150 billion from last week's PHP190 billion and the two-week facility to PHP130 billion from PHP140 billion previously. Tenders for the one-week TDF reached PHP159.827 billion while it amounted to PHP164.959 billion for the two-week facility. In a statement, BSP Deputy Governor Francisco Dakila Jr. said total bids submitted during this week's TDF auction "was slightly above the BSP's expected volume range." This, after the central bank lowered the offer volume "based on actual bids received last week." The average rate of the one-week TDF rose to 6.3886 percent from 6.3559 percent during the auction last Feb. 15. The rate of the 14-day TDF also inched up to 6.4180 percent from last week's 6.3802 percent.

Bangko sentralFrancisco dakila jrGovernor francisco dakilaManila the bangko sentral ng pilipinas bsp fully awarded both seven day and 14 term deposit facility tdf tenors on wednesday due to strong demand despite uptick in rates it lowered offer volume for php150 billion from last week 39s php190 two php130 php140 previously tenders one reached php159 827 while amounted php164 959 ina statementSp deputy governor francisco dakila jr said total bids submitted during this week 39s tdf auction quot was slightly above the bsp expected volume rangeFter the central bank lowered offer volume quot based on actual bids received last week average rate of one tdf rose to 6 3886 percent from 3559 during auction feb 15 14 day also inched up 4180 39s 3802 dakila said yields accepted in this widened between 2500 5500 for tenor and 4944 two facility results reflected strong demand both tenors following bsp decision 16 february raise its key policy by 50 bps moving forwardHe bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developmentsUot he added pna