Tuesday 14 August 2018
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6 months ago

BSP taps ‘three tenors’ to guide loan pricing

Banks will soon be able to price their loans to corporate and retail borrowers more accurately after the Bangko Sentral ng Pilipinas (BSP) introduced a third interest rate benchmark in its existing term deposit facility (TDF), resulting in what the central bank chief described as the three tenors . The BSP yesterday launched a tender for a 14-day instrument in its term deposit liquidity management scheme which monetary regulators use to mop up excess liquidity from the local financial system while giving

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