THE central bank will increase the weekly volume of the term deposit facility (TDF) to P130 billion from the current P110 billion to make its four-month old interest rate corridor (IRC) scheme more reflective of its policy rates, monetary officials said Wednesday.
The Bangko Sentral ng Pilipinas (BSP) is raising the 28-day TDF offer to P120 billion from P100 billion, starting November 9. The volume for the seven-day tenor was maintained at P10 billion.
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