The Philippine financial system continues to enjoy sufficient liquidity given the interest in the Bangko Sentral ng Pilipinas’ term deposit facility (TDF), a senior BSP official said.
“As we indicated in previous TDF auctions, domestic liquidity remains ample. This is clearly shown by the oversubscriptions across all tenors today (Wednesday),” central bank Deputy Governor Diwa Guinigundo told reporters in a text message.
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