Ut Lowered To Php220 Billion The Offer Volume For Two Week Facility From Php230 Last Total Tenders Shorter Dated Reached Php198 738 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The rate of the central bank's term deposit facility (TDF) slipped Wednesday but with still high demand despite the expected further tightening in the Federal Reserve's key rates. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the average rate of the seven-day facility slipped to 1.9467 percent and the 14-day's to 2.0374 percent. These were at 1.9603 percent and 2.0905 percent for the one-week and two-week facility, respectively, during the auction last March 16. The BSP kept the offer volume for the one-week facility at PHP150 billion, but lowered to PHP220 billion the offer volume for the two-week facility from PHP230 billion last week. Total tenders for the shorter-dated facility reached PHP198.738 billion, resulting in a bid coverage ratio of 1.3249. Bids for the two-week facility amounted to PHP316.107 billion, bringing to 1.4369 the bid coverage ratio. In a statement, BSP Deputy Governor Francisco Dakila Jr. said yields accepted for TDF in ....

Bangko Sentral , Francisco Dakila Jr , Federal Reserve , Governor Francisco Dakila , Manila The Rate Of Central Bank 39s Term Deposit Facility Tdf Slipped Wednesday But With Still High Demand Despite Expected Further Tightening In Federal Reserve Key Rates Data Released By Bangko Sentral Ng Pilipinas Bsp Showed That Average Seven Day To 1 9467 Percent And 14 2 0374 These Were At 9603 0905 For One Week Two , Uring The Auction Last March 16 Bsp Kept Offer Volume For One Week Facility At Php150 Billion , Ut Lowered To Php220 Billion The Offer Volume For Two Week Facility From Php230 Last Total Tenders Shorter Dated Reached Php198 738 , Esulting Ina Bid Coverage Ratio Of 1 3249 Bids For The Two Week Facility Amounted To Php316 107 Billion , Ringing To 1 4369 The Bid Coverage Ratio Ina Statement , Sp Deputy Governor Francisco Dakila Jr Said Yields Accepted For Tdf In This Week 39s Auction Quot Shifted Higher But Narrowed Toa Range Of 1 8300 2 0000 Percent The Seven Day And 8825 1000 14 Results Reflect Impact Continued Normalization Financial System Liquidity Amid Market Expectations Progressive Tightening By Us Federal Reserve , Uot He Said However , Akila Said Liquidity In The Financial System Remains Ample Quot Going Forward , He Bsp 39s Monetary Operations Will Remain Guided By Its Assessment Of The Latest Liquidity Conditions And Market Developments , Uot He Added Pna ,