BSP Rediscount Rates for January 2019 and Availments as of December 2018

The BSP announced today the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of January 2019 are as follows:

The Peso rediscount rates are based on the latest available overnight lending rate, plus term premia per Circular No. 964 dated 27 June 2017. On the other hand, EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 31 December 2018 plus 200 basis points, plus term premia for longer maturities pursuant to Circular No. 807 dated 15 August 2013.

Under the Peso Rediscount Facility, total availments covering the period 01 January 2018 to 31 December 2018 amounted to ?71,524 million, 74.90 percent of which are classified as Other Credits. Specifically, these were distributed to Capital Asset Expenditures (53.62 percent), Other Services (14.51 percent), Permanent Working Capital (6.76 percent) and Housing (0.01 percent). The remaining portions are classified as Commercial Credits at 25.08 percent and Production Credits at 0.02 percent.

There was no availment under the EDYRF for the year ended 31 December 2018.

Source: Bangko Sentral ng Pilipinas (BSP)