MANILA – The Bangko Sentral ng Pilipinas (BSP) maintained at PHP80 billion the Term Deposit Facility (TDF) offer volume for this week, a repeat of last week’s volume.
Data released by the central bank show that both the seven-day and 14-day facilities will be offered for PHP30 billion while the 29-day facility, a day longer than the regular tenor, will be offered for PHP20 billion.
BSP explained that the longest-tenor term facility was increased by a day in line with the Ninoy Aquino Day holiday on August 21, a Wednesday.
TDF is the BSP’s liquidity-mopping facility. It has been implemented since June 2016 when the central bank shifted to interest rate corridor (IRC) framework to bring market rates closer to the BSP’s policy rate.
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