NextGen Day

After the Christmas holidays, the domestic liquidity situation improved, which bolstered demand for the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills, which had a lower interest rate on Friday.

The rate of debt paper, which is one of the central bank’s tools for removing excess liquidity from the domestic economy, fell to 1.7666 percent from 1.8534 percent during the auction on Dec. 17, 2021, according to data supplied by the BSP.

The BSP increased the offer volume from PHP80 billion to PHP100 billion. Tenders totaled 211.39 billion dollars.

A full prize was made by the auction committee.

The results of the first BSP bills auction of the year “continue to support the notion of normalization in liquidity conditions following the holiday demand for cash,” BSP Deputy Governor Francisco Dakila Jr. said in a statement.

“The significant demand for the 28-day bill by market participants implies very substantial financial system liquidity,” he said. “The BSP’s monetary operations will continue to be guided by its assessment of evolving liquidity conditions and market developments in the coming months.”

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---