​The Bangko Sentral ng Pilipinas (BSP) updates the public that the applicable rediscount1 rate for the month of October 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 2.13013 percent for United States Dollar (USD) and 1.92083 percent for Japanese Yen, regardless of maturity (i.e., 1 to 360 days).
For the period 01 January to 30 September 2021, total availments2 of banks against their RLs3 amounted to 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). On the other hand, there was no loan availment under the EDYRF for the period 01 January to 30 September 2021.4
Source: Bangko Sentral ng Pilipinas (BSP)