Articles worth reading

Metro News

BSP announces 56-day bill offering 

account_balanceMetro News account_circleGab Ocampo chat_bubble_outline0 Comments

A 56-day Bill will be offered by the Bangko Sentral ng Pilipinas (BSP) starting June 30, 2023 as part of the central bank’s move to further improve monetary operations under the Interest Rate Corridor (IRC) framework, according to a report by Philippine News Agency.

The new tenor will be offered together with the 28-day debt papers which is being auctioned on Fridays.

BSP said initial offering will be “set in small amounts before being gradually scaled up as market liquidity conditions allow.”


Just like the existing policy, offer volume of the 56-day Bill will be announced two days prior to its auction.

The central bank said offering of the 56-day securities “expands the range of BSP’s term instruments and increases the BSP’s flexibility to respond to changing liquidity conditions while providing additional guidance to short-term market interest rates.”

“Its introduction supports the BSP's efforts towards a more flexible and market-based approach to managing liquidity in the financial system, in line with its overall thrust to promote price and financial stability,” it added.

BSP adopted the IRC framework since June 3, 2015 in a bid to guide short-term market rates towards the central bank’s policy rate.


date_rangeDate Published
3 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Manufacturers agree to defer price hikes

account_balanceMetro Manila chrome_reader_mode1 week ago

The Department of Trade and Industry (DTI) said manufacturers of basic necessities and prime commodities (BNPCs) have agreed to temporarily hold off a price increase on their products, according to a report by Philippine News Agency. In a Viber...

Senate ratifies PPP, ease of paying taxes bills 

account_balanceMetro Manila chrome_reader_mode1 day ago

The Public-Private Partnership (PPP) and the Ease of Paying Taxes bills are just awaiting the signature of President Ferdinand R. Marcos Jr. before becoming laws after the Senate successfully reconciled with the House of Representatives (HOR) the dis...

Manila International Film Fest coming to Hollywood on November 2

account_balanceMetro Manila chrome_reader_mode6 days ago

The Metro Manila Film Festival (MMFF) is launching its global edition, the Manila International Film Festival (MIFF), at the Directors Guild of America in Los Angeles on November 2. "The Hollywood edition is part of the celebration ma...

Marcos launches largest service caravan in 4 provinces 

account_balanceMetro Manila chrome_reader_mode1 week ago

President Ferdinand R. Marcos Jr. on Saturday led the simultaneous launching of the Bagong Pilipinas Serbisyo Fair (BPSF), the country’s biggest service caravan aimed at providing major government services to underprivileged Filipinos in variou...

Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature