An adjustment inside the RRR may be considered down the road whilst, amongst others, more price range have migrated to the TDF and if credit conditions warrant,” he introduced.
In Wednesday’s public sale, the BSP offered P10 billion for the seven-day TDF and P80 billion for the 28-day tenor, with yields of two.50 percentage for the seven-day TDF and 2.521 percentage for the 28-day tenor.
Bids tendered for the seven-day TDF reached P33.31 billion and people for the 28-day tenor hit P162.Sixty four billion.
“I think there may be no surprise in what the BSP is saying. It remains in keeping with the primary bank’s contemporary plan,” Gundy Cahyadi, economist at Singapore-based DBS, said.
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