The Monetary Board, on 15 December 2022, raised the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility by 50 basis points to 5.50 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 5.00 percent and 6.00 percent, respectively.
Effective 19 December 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:
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 the 90-day London Inter-Bank Offered Rate as of 30 November 2022 plus spread.
Source: Bangko Sentral ng Pilipinas (BSP)