{"id":95132,"date":"2017-03-23T00:47:52","date_gmt":"2017-03-23T04:47:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=95132"},"modified":"2017-03-23T00:47:52","modified_gmt":"2017-03-23T04:47:52","slug":"bsp-exec-domestic-liquidity-remains-enough-for-phls-requirements","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/03\/23\/bsp-exec-domestic-liquidity-remains-enough-for-phls-requirements\/","title":{"rendered":"BSP exec: Domestic liquidity remains enough for PHL\u2019s requirements"},"content":{"rendered":"<figure id=\"attachment_94600\" aria-describedby=\"caption-attachment-94600\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/12540642_997366883660474_3155120477978164612_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-94600\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/12540642_997366883660474_3155120477978164612_n.jpg\" alt=\"A ranking official of the Bangko Sentral ng Pilipinas (BSP) on Wednesday assured that domestic liquidity remains high despite the decline in tenders on the central bank\u2019s longer-tenor term deposit facility (TDF). (Photo: Bangko Sentral ng Pilipinas\/ Facebook)\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/12540642_997366883660474_3155120477978164612_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/12540642_997366883660474_3155120477978164612_n-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/12540642_997366883660474_3155120477978164612_n-768x510.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-94600\" class=\"wp-caption-text\">A ranking official of the Bangko Sentral ng Pilipinas (BSP) on Wednesday assured that domestic liquidity remains high despite the decline in tenders on the central bank\u2019s longer-tenor term deposit facility (TDF). (Photo: <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/997366883660474\/?type=1&amp;amp;theater\">Bangko Sentral ng Pilipinas\/ Facebook<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u2014A ranking official of the Bangko Sentral ng Pilipinas (BSP) on Wednesday assured that domestic liquidity remains high despite the decline in tenders on the central bank\u2019s longer-tenor term deposit facility (TDF).<\/p>\n<p>During Wednesday&#8217;s TDF auction, bids for the 28-day TDF reached PHP140.76 billion, lower than the PHP150 billion offering and last week\u2019s PHP176.89 billion.<\/p>\n<p>This resulted in a drop in this tenor\u2019s bid coverage ratio to 0.9384 from 1.1793 last March 15.<\/p>\n<p>On the other hand, bids for the seven-day facility reached PHP39.18 billion, higher than the PHP30 billion offering but lower than last week\u2019s PHP41.13 billion tenders.<\/p>\n<p>BSP Deputy Governor Diwa Guinigundo traced the preference for the shorter-dated TDF to the market\u2019s \u201cpositioning for any opportunistic short-term proposition\u201d.<\/p>\n<p>\u201cThis is the reason why, despite the increase in bid to coverage ratio for the seven-day TDF, weighted interest rate stood at a higher level of 2.52 percent,\u201d he said in a text message.<\/p>\n<p>This week, the weighted average accepted yield stood between 2.9873 percent for the seven-day facility and 3.3028 percent for the 28-day TDF.<\/p>\n<p>Guinigundo pointed out that if banks feel the need to increase their liquidity positions to cater to their clients\u2019 needs, they can easily pull out their placements with the central bank.<\/p>\n<p>\u201dShould there be actual liquidity tightening, all that the banks have to do is to withdraw from the liquidity facilities of the BSP to fund loans, investments, foreign exchange purchases and even public spending on power and infrastructure,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014A ranking official of the Bangko Sentral ng Pilipinas (BSP) on Wednesday assured that domestic liquidity remains high despite the &hellip;<\/p>\n","protected":false},"author":33,"featured_media":94600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216,15625],"class_list":["post-95132","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","tag-term-deposit-facility","mauthors-joann-s-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/95132","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=95132"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/95132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/94600"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=95132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=95132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=95132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}