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BusinessWorld
May 6, 2021 | 12:07 am
BW FILE PHOTO
YIELDS on the central bankâs term deposits slipped on Wednesday following steady April inflation data and as the peso strengthened in the past days.
Demand for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) hit P583.062 billion on Wednesday, higher than the P510 billion on the auction block as well as the P546.571 billion in tenders logged a week earlier.
Broken down, tenders for the one-week term deposits amounted to P157.385 billion on Wednesday, surpassing the P150-billion offer but failing to beat the P174.267 billion in bids seen during the previous offering.
PSEi hits 2021 low as inflation hurts sentiment bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
May 6, 2021 | 12:34 am
The consumer price index rose 4.5% year on year in April. PHILIPPINE STAR/ MICHAEL VARCAS
INFLATION remained stable in April, while core inflation eased to a five-month low, leading economists to expect the central bank to keep rates on hold at next week’s policy-setting meeting.
Preliminary data from the Philippine Statistics Authority released on Wednesday showed the consumer price index rose by 4.5% year on year last month, unchanged from March but faster than 2.2% in April 2020. This as price increases for food staples such as rice and vegetables slowed, helping offset a spike in transportation costs caused by higher oil prices.