Tag page - rediscounting

The Bangko Sentral ng Pilipinas (BSP) will still implement a reduced term spread on its rediscounting facility to zero until end-July this year, but the use of credit instruments granted a grace period under the Bayanihan law are no longer accepted. This means that the term spread on peso...

The Bangko Sentral ng Pilipinas (BSP) said there were no releases or zero rediscounting loans for the first quarter of 2021 due to banks’ excess liquidity because it is not actively lending to corporates and households. Banks prefer to place or park their funds in BSP’s open market operations,...

Qualified banks included in the central bank's rediscounting facility only took out P26.90 billion of rediscounting loans as of end-2020, 77.98 percent lower compared to end-2019 of P122.17 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, there were less banks that availed of rediscounting...

The central bank will no longer limit its rediscounting facility through a budget and instead adopted an “open regime” principle as a monetary policy tool to infuse liquidity to a pandemic-hit market. The Bangko Sentral ng Pilipinas (BSP) used to have a specific budget for its Peso Rediscount...

The central bank’s peso rediscounting facility increased to P26.9 billion or up P6.2 billion as of end-September compared to P20.7 billion end-August.  The rediscounting releases were however lower than same period last year of P118.67 billion. The Bangko Sentral ng Pilipinas (BSP) has been...