HOME  ABOUT THE BANK  MONETARY POLICY  BANKING SUPERVISION  PAYMENTS & SETTLEMENTS  STATISTICS  FEEDBACK CORNER
   BSP NOTES & COINS  MONETARY OPERATIONS  LOANS-CREDIT & ASSET MGT  PUBLICATIONS & RESEARCH  REGULATIONS  PROCUREMENT

Feedback Corner

Publications and Research

Media Releases

BSP Defers Implementation of Market-Based Pricing Mechanism for Peso Rediscounting Loans

10.27.2003

The BSP announced today the deferment of the implementation of the market-based pricing mechanism for peso rediscounting loans as provided under Circular No. 354 dated October 4, 2002 for another year, from October 4, 2003 to October 3, 2004.  During the said period, the peso rediscount rate shall continue to be one (1) percentage point below the 91-day Treasury Bill (TB) rate of the last auction week of the previous month.  For the month of October, 2003, the applicable peso rediscount rate shall be 4.506 percent, one (1) percentage point below the 91-day TB rate of 5.506 percent of the September 29, 2003 auction.

RSS Subscribe for updates

Archives