Business Technology, Finance Technology & Information Technology
The 28-day bills rate at the BSP continues to fall.
MANILA, Philippines — On Friday, the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills fell, but bids remained high despite the increased volume offer.
The average rate of debt paper fell to 1.9312 percent from 1.9677 percent during the auction last April 1, according to data issued by the central bank.
The BSP increased the offer volume to PHP130 billion from PHP120 billion the previous week.
After tenders totaled PHP186.385 billion, the auction committee made a full award. The bid coverage ratio was 1.4337.
The high number of bids during the weekly auction has been attributed by BSP Deputy Governor Francisco Dakila Jr. to stable market conditions and ample liquidity in the domestic economy.
“In the future, the BSP’s monetary operations will be guided by its most recent assessment of liquidity conditions and market developments,” he said.
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.
Galvez, the next president of the Philippines, has the authority to nominate new BTA members.
MANILA, Philippines — Once the new government takes power, the […]
DFA creates a consulate office in North Cotabato.
An official announced on Tuesday that the PHP25 million Department […]
PBBM economic initiatives are progressing as planned: Solon
The country’s economy is clearly on the right track as […]
Marcos wants additional artists’ grants and cultural infrastructure.
In order to advance and support the nation’s cultural and […]
Senate Commits to Pass 20 LEDAC Bills Before December Break 🏛️
🏛️ Manila – The Senate leadership has pledged to the […]
On the first two days, over 3M SIM cards were registered.
Over 3 million SIM cards were successfully registered over the […]