Central Bank of the Philippines

09/22/2022 | Press release | Distributed by Public on 09/22/2022 22:07

BSP Rediscount Rates Effective 26 September 2022

Media and Research - Press Releases

https://www.bsp.gov.ph/SitePages/MediaAndResearch/MediaDisp.aspx?ItemId=6455

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BSP Rediscount Rates Effective 26 September 2022

September 22, 2022

​The Monetary Board, on 22 September 2022, raised the interest rate on the Bangko Sentral ng Pilipinas' (BSP) overnight reverse repurchase facility by 50 basis points to 4.25 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 3.75 percent and 4.75 percent, respectively.

Effective 26 September 2022, the following are the applicable rates of the BSP's Peso Rediscount Facility, while the Exporters' Dollar and Yen Rediscount Facility rates remain the same:

a. Peso Rediscount Facility

​Loan Maturity
 ​Rate (%)
​1 - 90 days
 ​5.1469
​91 - 180 days
 ​5.5438​

b. Exporters' Dollar and Yen Rediscount Facility

​​
​Loan Maturity
​Rate (%)
​United States Dollar
 ​Japanese Yen
​1 - 90 days
 ​5.49661
 ​2.37843
​​91 -​ 180 days
 ​5.89351
 ​2.77533​
​181 - 360 days
 ​6.68731
 ​3.56913

The Peso rediscount rates are based on the latest available BSP Overnight Lending Rate plus spread, while the rates for the Exporters' Dollar and Yen Rediscount Facility are based on 90-day London Inter-Bank Offered Rate as of 31 August 2022 plus spread.

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