{"id":255574,"date":"2020-05-21T01:35:51","date_gmt":"2020-05-21T05:35:51","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=255574"},"modified":"2020-05-21T01:35:51","modified_gmt":"2020-05-21T05:35:51","slug":"bsps-7-day-term-facility-rate-declines-anew","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/05\/21\/bsps-7-day-term-facility-rate-declines-anew\/","title":{"rendered":"BSP\u2019s 7-day term facility rate declines anew"},"content":{"rendered":"<figure id=\"attachment_239989\" aria-describedby=\"caption-attachment-239989\" style=\"width: 1920px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/12\/manila-2832784_1920.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-239989\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/12\/manila-2832784_1920.jpg\" alt=\"\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/12\/manila-2832784_1920.jpg 1920w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/12\/manila-2832784_1920-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/12\/manila-2832784_1920-768x512.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/12\/manila-2832784_1920-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption id=\"caption-attachment-239989\" class=\"wp-caption-text\">The BSP offered this tenor of term deposit facility (TDF) for PHP120 billion and tenders more than doubled at PHP242.052 billion.\u00a0 (Pixabay photo)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0\u2013 The rate of the Bangko Sentral ng Pilipinas\u2019 (BSP) seven-day term facility slipped anew on Wednesday.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Data released by the central bank showed the weighted average accepted yield of this tenor declined to 2.2543 percent from 2.2578 percent last week.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The BSP offered this tenor of term deposit facility (TDF) for PHP120 billion and tenders more than doubled at PHP242.052 billion.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The auction committee made a full award.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The bid coverage ratio declined to 2.0171 from last week\u2019s 2.3135 when the PHP100-billion offer was met by PHP231.351 billion worth of tenders.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In a statement, BSP Deputy Governor Francisco Dakila Jr. said the average rate of the facility went down by 0.354 basis points this week.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cToday\u2019s auction results show that the domestic financial market remains calm amid ample liquidity even as the enhanced community quarantine measures in NCR (National Capital Region) was eased slightly on 16 May 2020,\u201d Dakila said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He added that the BSP would continue its assessment of prevailing liquidity conditions in the financial system in determining the appropriate size and tenors of its TDF auction.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 The rate of the Bangko Sentral ng Pilipinas\u2019 (BSP) seven-day term facility slipped anew on Wednesday. Data released by &hellip;<\/p>\n","protected":false},"author":44,"featured_media":239989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-255574","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\/255574","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=255574"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/255574\/revisions"}],"predecessor-version":[{"id":255577,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/255574\/revisions\/255577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/239989"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=255574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=255574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=255574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}