Central bank securities’ rate dips on strong demand

THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities fetched a lower average accepted rate on Friday as the offer attracted strong investor demand. Bids on the 28-day BSP bills reached P111.165 billion, nearly double the P60 billion placed on the auction block. This was also above the P90.884 billion in tenders for a P70-billion offer […]