BSP to start offering 56-day bills

June 2, 2023 - 10:48 AM
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Bangko Sentral ng Pilipinas headquarters in Manila. The central bank’s first quarter Consumer Expectations Survey (CES) for 2018 showed an index of 1.7 percent, down from the previous quarter’s 9.5 percent and year-ago’s 8.7 percent. (Reuters file photo)

 The Philippines central bank said on Friday it will start offering 56-day bills on June 30 as part of its initiatives to enhance its monetary and market liquidity operations.

It is an additional tenor under the Bangko Sentral ng Pilipinas’ Securities Facility and will be offered alongside the 28-day bills, it added.

—Reporting by Neil Jerome Morales; Editing by Martin Petty