The Bangko Sentral ng Pilipinas (BSP) updates the public that the applicable rediscount1 rate for the month of December 2021 on loans under the Peso Rediscount Facility (PRF) remains at 2.50 percent, regardless of maturity (i.e., 1 to 180 days). Meanwhile, rediscount rates on loans under the Exporters’ Dollar and Yen Rediscount Facility (EDYRF) are set at 2.17325 percent for United States Dollar (USD) and 1.91533 percent for Japanese Yen, regardless of maturity (i.e., 1 to 360 days).
For the period 01 January to 30 November 2021, total availments2 of banks against their RLs3 remain unchanged at P6.12 million for loans under the PRF. These availments represent the rediscount of Production Credits that financed industrial processing (65.35 percent); and Other Credits that funded capital asset expenditures (24.81 percent) and permanent working capital (9.84 percent).4 On the other hand, there was no loan availment under the EDYRF for the period 01 January to 30 November 2021.5
Source: Bangko Sentral ng Pilipinas (BSP)