Connect with us

Hi, what are you looking for?


Central bank awards P100 billion in 28-day bills

THE BANGKO SENTRAL ng Pilipinas (BSP) fully awarded P100 billion in short-term securities on Friday as the financial system remains flush with liquidity.

The BSP’s offer of 28-day bills was oversubscribed as tenders reached P150.9 billion. However, Friday’s bids were lower than the P162.8 billion in demand seen last week.

“The sustained robust demand for the BSP bills shows that financial system liquidity remains ample as cash demand continues to normalize,” BSP Deputy Governor Francisco G. Dakila, Jr. said in a statement.

The BSP has made full awards of its offer of 28-day bills for 18 consecutive auctions since it launched its weekly securities auctions in September.

Rates for the bills ranged from 1.6% to 1.63%, a slightly wider band than the 1.6285% to 1.645% logged a week earlier. This caused the average rate for the papers to settle at 1.6251%, slipping by 1.11 basis points (bps) from the 1.6362% logged on Jan. 22.

The 28-day securities and term deposits are among tools used by the central bank to gather excess liquidity in the financial system and to better guide short-term market interest rates.

“The 28-day BSP securities auction yield continued to ease after the latest contraction in GDP (gross domestic product) data, though with smaller contraction versus the previous quarter,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

The economy shrank by 8.3% in the fourth quarter of 2020, bringing the full-year decline to 9.5%, data from the Philippine Statistics Authority showed.

The central bank’s easing measures amid the crisis infused about P2 trillion in liquidity into the financial system last year, which is equivalent to about 10% of the GDP. — LWTN

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks...


By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative”...


THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according...


THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to...


THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the...


With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.