BSP's TDF rates up anew

• Published date: 23 November 2022
• Publication title: Philippines News agency

Higher rates and undersubscriptions were registered during the auction for the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) on Wednesday.

The rate of the six-day TDF rose to 5.4921 percent and the 14-day's to 5.6635 percent.

These were at 5.2787 percent for the one-week facility and 5.4662 percent for the longer tenor during the auction last Nov. 16.

The BSP offered the shorter-dated tenor for PHP200 billion, lower than week-ago's PHP210 billion, but bids only amounted to PHP142.235 billion which was fully accepted.

It offered the 14-day facility for PHP160 billion, higher than the PHP140 billion last week, but...