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THE CENTRAL BANKâS term deposits fetched lower yields following the slower inflation print recorded in March. â BW FILE PHOTO
YIELDS on the central bankâs term deposits inched down on Wednesday following the slower inflation print recorded in March.
Bids for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) amounted to P651.115 billion on Wednesday, higher than the P490-billion offer but failing to beat the P685.078 billion in tenders seen last week.
Broken down, the seven-day term deposits attracted bids worth P191.731 billion, surpassing the P140 billion on the auction block but lower than the P226.288 billion in tenders last week.
Philippines reducing pork tariffs
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PHL inflation slows in March | BusinessWorld
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Published April 6, 2021, 9:49 AM
A vegetable seller tends to a client at Paco Market.
A vegetable seller tends to a client at Paco Market.
A vegetable seller tends to a client at Paco Market.
A vegetable seller tends to a client at Paco Market.
(ALI VICOY / MANILA BULLETIN FILE PHOTO)
After five months of acceleration, the rate of increase in consumer prices slowed down in March due to lower cost of food items, the Philippine Statistics Authority (PSA) reported today, April 6.
The country’s headline inflation eased to 4.5 percent in March from 4.7 percent in February.
PSA said the slower uptick in the price of goods and services was due to milder food inflation that settled at 5.8 percent from 6.7 percent inflation in February.