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BSP offers 14-day TDF tenor

02.09.2018

Starting with the auction on 14 February 2018, the BSP will introduce a 14-day tenor under its Term Deposit Facility (TDF) as part of its efforts to use a more market-based approach to monetary operations. The offering of the 14-day TDF tenor is in response to the strong interest of BSP’s various counterparties for a tenor longer than 7 days but shorter than 28 days following a series of BSP consultations. This is also expected to further refine the BSP’s instruments and operations under the interest rate corridor system (IRC). The auction volume for the new tenor will be announced on the BSP website.

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