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Term deposit yield ends higher as market sees more BSP hikes - BusinessWorld Online
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Term deposit yield ends higher as market sees more BSP hikes - BusinessWorld Online
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits continued to fetch a higher average rate on Wednesday despite strong demand as the market expects further monetary tightening after inflation accelerated to an over three-year high in April. Bids for the central bank’s term deposit facility (TDF) amounted to P130.585 billion, higher than the P90 billion in seven-day papers placed on the auction block and the P124.436 billion in tenders for an …
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