DAILY NEWS RELEASE  
January 16, 2018  
                   
                   
                   
                   
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A. DOMESTIC INTEREST RATES  
  (15 January 2018)  
   
  1. Overnight Lending Facility (OLF) Rate (% p.a.) 1/ 3.5000 3.5000 3.5000 3.5000 3.5000  
   
  2. Overnight RRP Rate 1/ 3.0000 3.0000 3.0000 3.0000 3.0000  
   
  3. Overnight Deposit Facility (ODF) Rate (% p.a.) 1/ 2.5000 2.5000 2.5000 2.5000 2.5000  
   
  4. Interbank Call Loan Rate (% p.a.)  
  Weighted Average 3.0938 3.0938 3.1250 3.0938 2.7188  
  High 3.3438 3.3438 3.1563 3.1875 3.0000  
  Low 2.5313 2.5313 2.5313 3.0000 2.5000  
   
B. FOREIGN INTEREST RATES (% p.a.)   
  (15 January 2018)  
   
  1. LIBOR - 90-day 1.8988 1.8877 1.8653 1.6004 1.0232  
              - 180-day 1.7313 1.7215 1.7080 1.7677 1.3316  
  2. SIBOR - 90-day 2/ 1.3113 1.3320 1.4272 1.2117 0.9653  
              - 180-day 2/ 1.3789 1.4306 1.4952 1.2810 1.2473  
   
C. COMMODITY PRICES (Peso Equivalent)  
  (07 November 2003)  
  1. Sugar, Spot (per lb) (15 January 2018) 7.4372 7.4399 7.2515 7.3767 9.5742  
  2. Copper, Sett (per mt) (15 January 2018) 392877 392486 388569 393661 385827  
  3. Gold, Closing (per troy oz) 67167 67051 65786 62926 59406  
  4. Coconut Oil, Futures (per lb) 3/ (15 January 2018) 32.3017 32.7240 .. .. 39.9876  
   
D.  EXCHANGE RATE   
  1. Peso-Dollar Rate 50.350 50.301 50.000 50.398 49.622  
  2. PDS Foreign Exchange Transactions 697.000 588.500 797.100 475.700 411.100  
  (in million US Dollars) (15 January 2018)  
                   
                   
                   
1/  Beginning 3 June 2016, the BSP shifted its monetary operations to an interest rate corridor (IRC) system. The repurchase (RP) and Special Deposit Account (SDA) 
 windows were replaced by standing overnight lending facility (OLF) and overnight deposit facility (ODF), respectively. The reverse repurchase (RRP) facility was 
 modified to a purely overnight RRP. Starting 3 June 2016, the interest rates for these facilities were set by the Monetary Board as follows: 3.5 percent in the OLF  
 (a reduction from 6.0 percent); 3.0 percent in the overnight RRP rate (an adjustment from 4.0 percent); and 2.5 percent in the ODF (no change from the previous  
 SDA rate). The OLF and ODF will serve as the upper bound and lower bound, respectively, of the IRC system.  
2/  Effective 31 December 2013, SIBOR rates (in US$) sourced from Reuters has been discontinued. Starting 1 January 2014, SIBOR data for the selected reference  
 periods in this report will show SIBOR rates (in Singapore $) sourced from Bloomberg.  
3/  Data starting 1 July 2012 refers to European market prices.  
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