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Seven-day term deposits fetch lower yields as inflation data bolster easing bets

Business World Philippines

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November 06, 2025

YIELDS on the Bangko Sentral ng Pilipinas (BSP) seven-day term deposits dropped on Wednesday as the offer drew strong demand on slower-than-expected inflation in October, which could bolster the case for further policy easing.

- K.K. Chan

Total bids for the central bank's sevenday deposits stood at P96.642 billion, above the P80-billion offer and the P74.76 billion in tenders seen for the tenor last week for the P60 billion placed on the auction block. The BSP fully awarded its offering.

Banks asked for rates ranging from 4.5% to 4.8%, wider and lower than the 4.79% to 4.825% band last week. This caused the average rate of the one-week deposits to fall by 3.13 basis points (bps) to 4.776% from 4.8073%.

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