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Yields on term deposits drop after BSP decision
Business World Philippines
|June 26, 2025
TERM DEPOSIT YIELDS declined on Wednesday after the Bangko Sentral ng Pilipinas (BSP) delivered a second straight rate cut last week.
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Total bids for the central bank's term deposit facility (TDF) reached P112.339 billion, above the P100 billion placed on the auction block but below the P143.638 billion in tenders seen last week for a P140-billion offer. However, the central bank awarded only P96.531 billion in papers as the two-week deposits went undersubscribed.
Broken down, tenders for the seven-day term deposits stood at P65.808 billion, more than the P50 billion placed on the auction block but lower than the P94.542 billion in bids seen last week for the a P70-billion offer. The BSP made a full P50-billion award of the one-week tenor.
This story is from the June 26, 2025 edition of Business World Philippines.
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