The Peso rediscount rates are based on the latest available BSP Overnight Lending Rate plus spread, while the United States Dollar and Japanese Yen rediscount rates are based on the applicable benchmark rates plus spread. The applicable spread, as may be determined by the BSP, may change periodically, to complement the changes in the BSP’s monetary policy goals and to reflect movements in the market interest rates.
There were no availments on the rediscounting lines of banks with the BSP under the Peso Rediscount Facility and Exporters’ Dollar and Yen Rediscount Facility for the period covering 01 to 31 January 2023. - from BSP
* * *
Affordable Wordpress website host at
www.greengeeks.comLinkback:
https://tubagbohol.mikeligalig.com/index.php?topic=124060.0
