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BSP reduces bills volume offering

THE Bangko Sentral ng Pilipinas (BSP) on Friday reduced the total volume offering of the BSP bills (BSPB) to P160 billion from P190 billion in the previous week.

In a statement, Deputy Governor Francisco Dakila Jr. said the allocation mix was lowered to P60 billion from P70 billion for the 28-day tenor and P100 billion from P120 billion for the 56-day tenor.