PIA Press Release
Thursday, November 18, 2010
BSP re-discounts rates for Nov.2010Manila (November 18) - The Bangko Sentral ng Pilipinas announced today the rediscount rates applicable on loan availments by banking institutions for the month of Nov. 2010.
In an article posted on its website, the BSP said for that for loans under the Peso Rediscount Facility, the Peso Rediscount Rate is set at 4 percent per year for all maturities effective 01 February of this year.
Meanwhile, it said for loans under the Exporters Dollar and Yen Rediscount Facility (EDYRF), the rates for the month of November are as follows:
Dollar 0.25375 percent p.a.
Yen 0.12625 percent p.a.
The BSP explained that the EDYRF rediscount rates are based on the respective London Inter-Bank Offered Rate (LIBOR) for the last working day of October 2010. # jcp