The applicable rates in the Peso Rediscount Facility effective 19 November 2018 up to the next policy rates revision, and Exporters Dollar and Yen Rediscount Facility (EDYRF) for the month of December 2018 are as follows:
The Peso rediscount rates are based on the latest available BSP 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 30 November 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 30 November 2018 amounted to ?56,818 million, majority of which or 79.06 percent went to Other Credits. Specifically, these are distributed to Capital Asset Expenditures (53.55 percent), Other Services (17.00 percent), Permanent Working Capital (8.50 percent) and Housing (0.01 percent). The remaining portions went to Commercial Credits at 20.92 percent and Production Credits at 0.02 percent.
There was no availment under the EDYRF for eleven months ending 30 November 2018.
Source: Bangko Sentral NG Pilipinas (BSP)