{"id":254183,"date":"2020-05-07T07:12:34","date_gmt":"2020-05-07T11:12:34","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=254183"},"modified":"2020-05-07T07:12:34","modified_gmt":"2020-05-07T11:12:34","slug":"bsp-7-day-term-deposit-rate-falls-anew","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/05\/07\/bsp-7-day-term-deposit-rate-falls-anew\/","title":{"rendered":"BSP 7-day term deposit rate falls anew"},"content":{"rendered":"<figure id=\"attachment_151970\" aria-describedby=\"caption-attachment-151970\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-151970\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg\" alt=\"\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-768x510.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-20x13.jpg 20w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-151970\" class=\"wp-caption-text\">The BSP offered this facility for PHP70 billion and made a full award after bids totaled to PHP181.221 billion. (<a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/997366883660474\/?type=1&amp;amp;theater\">File Photo: Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0\u2013 Rate of the Bangko Sentral ng Pilipinas\u2019 (BSP) seven-day term deposit facility (TDF) fell anew this week as demand remains strong.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">It slipped to 2.2654 percent during the auction Wednesday from 2.3133 percent last week, data from the central bank showed.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The BSP offered this facility for PHP70 billion and made a full award after bids totaled to PHP181.221 billion.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Bid coverage ratio stood at 2.5889, lower than the 2.7432 during the auction last week.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Last week, this facility was offered for PHP50 billion and tenders amounted to PHP137.159 billion.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In a statement, BSP Deputy Governor Francisco Dakila Jr. said the interest rate of the facility fell 4.79 basis points compared to last week\u2019s level.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He attributed the large volume of bids in this week\u2019s TDF auction to \u201cample liquidity in the financial system.\u201d<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThe BSP will continue to be guided by its assessment of prevailing market and liquidity conditions in the financial system in deciding on the size and maturities of its TDF operations,\u201d he added.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 Rate of the Bangko Sentral ng Pilipinas\u2019 (BSP) seven-day term deposit facility (TDF) fell anew this week as demand &hellip;<\/p>\n","protected":false},"author":33,"featured_media":151970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-254183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=254183"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254183\/revisions"}],"predecessor-version":[{"id":254184,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254183\/revisions\/254184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/151970"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=254183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=254183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=254183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}