The Bangko Sentral ng Pilipinas (BSP) recently announced that yields on its term deposit facility (TDF) have risen. This is good news for investors, as it means they can earn higher returns on their investments.
The TDF is a short-term investment instrument that allows investors to deposit funds for a fixed period of time. The BSP sets the interest rate for the TDF, and it is usually higher than the rate offered by banks. This makes it an attractive option for investors looking to earn higher returns on their investments.
The BSP recently raised the interest rate on the TDF from 2.25% to 2.50%. This is the highest rate since the TDF was introduced in 2016. The increase in the rate is expected to encourage more investors to put their money in the TDF, as it offers higher returns than other investment options.
The BSP’s decision to raise the interest rate on the TDF is a welcome move for investors. It provides them with an opportunity to earn higher returns on their investments, while also helping to stimulate the economy. With the increased returns, investors can now look forward to a more profitable future.