Effective 12 April 2023, the applicable rediscount rates for the Bangko Sentral ng Pilipinas (BSP) Peso Rediscount Facility and Exporters’ Dollar and Yen Rediscount Facility are as follows:
a. Peso Rediscount Facility
Loan Maturity
Rate (%)
1 – 90 days
7.8670
91 - 180 days
8.4840
b. Exporters’ Dollar and Yen Rediscount Facility
Loan Maturity
Rate (%)
United States Dollar
Japanese Yen
1 – 90 days
7.41490
2.08636
91 – 180 days
7.41490
2.11000
181 – 360 days
7.41490
2.15474
The PPeso rediscount rates are based on the BSP Overnight Lending Rate, while the United States Dollar and Japanese Yen rediscount rates are based on the applicable benchmark rates. 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 reflect movements in 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 January to 31 March 2023.