Domestic liquidity or M3 grew 6 percent in February 2023, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP). Know more:
DOMESTIC liquidity or M3 grew 6 percent in February 2023, according to the latest data released by the Bangko Sentral ng Pilipinas .
“ amid moves by monetary authorities in recent months to siphon off some of the excess pesos/liquidity from the financial system to help stabilize the peso exchange rate, import prices/costs, and overall inflation as well as inflation expectations,” Ricafort said. Last week, the BSP lowered the volume offering for the TDF auction to P240 billion from P280 billion. Based on actual bids received last week, the total offer volume was reallocated between the 7-day and 14-day tenors at P140 billion from P180 billion and P100 billion, respectively.
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