Excess liquidity being controlled successfully, says BSP

        Bankson Wednesdayjostled to deposit excess cash into the liquidity management facility of the Bangko Sentral ng Pilipinas (BSP), printing regulators to declare that their scheme aimed at capping inflation was working.   In a message to reporters, BSP Gov. Nestor Espenilla Jr. said the latest auction for the central bank's term deposit facility -- where banks are paid yields for depositing idle funds over the short term, thus removing them temporarily from inflationary circulation -- was met with strong demand from financial institutions.   He had earlier stressed that the central bank's recent decision to cut banks' reserv...Keep on reading: Excess liquidity being controlled successfully, says BSP

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