Sunday 24 June 2018
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4 months ago

BSP: Excess liquidity being controlled successfully

Banks on Wednesday jostled to deposit excess cash into the liquidity management facility of the Bangko Sentral ng Pilipinas (BSP), pushing regulators to declare the scheme aimed at capping inflation was working. In a message to reporters, BSP Governor Nestor Espenilla Jr. said the latest auction for the central bank s term deposit facility---where banks are paid yields for depositing idle funds over the short term, thus removing them temporarily from inflationary circulation---was met with strong demand fr

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