• The central bank’s term deposit facility (TDF) attracted P281.954 billion worth of tenders on Wednesday, Jan. 24, lower than the offer of P340 billion.
  • Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said there was low demand for the TDF tenors this week.
  • Of the P340 billion, the BSP allocated P180 billion for the 7-day TDF and P160 billion for the 14-day tenor. Both are lower compared to the previous week’s P185 billion and P175 billion, respectively.
  • Dakila said the total bids of P281.954 billion “was lower than the BSP’s expected volume range.”