BSP 28-day securities' rate declines anew
RATE DECLINE. Average rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day bills went down anew on Friday (Jan. 20, 2023), which BSP Deputy Governor Francisco Dakila Jr. traced to the strong demand for the debt paper. The debt paper was oversubscribed even after BSP hiked the offer volume from PHP160 billion to PHP190 billion. (Photo courtesy of the BSP) MANILA -Rate of the Bangko Sentral ng Pilpinas' (BSP) 28-day bills slipped anew on Friday amidst strong demand for the debt paper on the back of the high liquidity environment in the country. Data released by the central bank on Frida...