TDF rates decline as P80-B issue is oversubscribed 0 SHARES Share it! The 7-day TDF, still offered at P30 billion, received P38.63-billion bids versus P34.27 billion last October 2. The 28-day TDF, still offered at P20 billion, had tenders of P32.77 billion which was higher than last week’s P27.04 billion. The Monetary Board cut interest rates three times this year – 25 bps each – on May 9, August 8 and September 26 on benign inflation outlook. In reducing both the benchmark rate and the RRR, the Monetary Board still recognizes the manageable inflation environment and its continued decline.

Source: Manila Bulletin October 09, 2019 13:52 UTC