BusinessWorld Banking
Term deposit facility yield jumps
THE CENTRAL BANK’S term deposit facility (TDF) fetched a higher average yield on Wednesday despite drawing strong demand, following its latest rate hike and expectations of further policy tightening. The seven-day term deposits offered by the Bangko Sentral ng Pilipinas (BSP) attracted P147.021 billion in tenders, above the P110 billion placed on the auction block […]
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Source: bworldonline.com
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