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. (PNA)
