BusinessWorld E-paper
September 07, 2023
THE SHIFT to a variable rate auction format for the reverse repurchase (RRP) facility of the Bangko Sentral ng Pilipinas (BSP)
may help shorten the lag whenever the central bank adjusts borrowing costs, an official said.
BSP Deputy Governor Francisco G. Dakila, Jr. on Wednesday said the implementation of the Overnight (ON) RRP Rate and the shift to a variable rate auction format were largely operational and will not affect the BSP’s monetary policy stance.
