Friday 14 December 2018
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inquirer - 3 month ago

Banks shun BSP’s inflation control facility amid tight liquidity

The central bank reduced the volume of their weekly term deposit facility (TDF) auction, but financial institutions remained cautious toward parking their funds in the instruments meant to siphon off inflationary idle funds from the economy. At the same time, banks shied away from the longer-term tenors offered by the Bangko Sentral ng Pilipinas (BSP) in anticipation of a possible interest rate hike next week during the policy setting meeting of the Monetary Board. Liquidity is tight and funding is ex

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