Liquidity absorbed by the Bangko Sentral ng Pilipinas (BSP) in the country’s financial system climbed to P2 trillion at the end of 2020, according to a central bank official.
During a virtual briefing on Thursday, Zeno Ronald Abenoja, senior director at the Bangko Sentral’s Department of Economic Research, said “the demand for BSP deposit facilities remained strong in the last part of 2020” as “the total outstanding amount absorbed by the BSP liquidity facilities stood at P2 trillion.”
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