• 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.”

https://mb.com.ph/2024/1/24/article-1769