BSP, magpapatupad ng bagong interest rates ngayong Pebrero

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00:00The Banco Central ng Pilipinas will implement new interest rates.

00:04The BSP also announced something called the Nice and Gross International Reserves.

00:09This is what Noel Talacay is surprised about.

00:14The Banco Central ng Pilipinas announced to the BSP that starting this February 10,

00:18this year, it will implement the latest interest rate for the Discount Window Facility or DWF.

00:26In Pesos, if the loan maturity is 1 to 70 days, it has 6.9%.

00:33While the 71 to 180 days is 7.09%.

00:40According to the BSP, the interest rates of Pesos are based on the BSP overnight lending rate.

00:47In the US Dollar, all loan maturity brackets are 6.8%.

00:53The interest rate of Japanese Yen is almost the same,

00:57which is more than 2% of the 3 loan maturity brackets.

01:02The BSP also said that the interest rates of the US Dollar and Japanese Yen are based on the benchmark rates.

01:11The interest rates of the BSP may change depending on the changes in the monetary policy of the BSP

01:19and the movement of the interest rates in the market.

01:21Meanwhile, the BSP announced that the Gross International Reserve of the country

01:28will fall to US$103.0 billion based on the figure of the BSP this January from US$106.3 billion in 2024.

01:38On the other hand, the BSP said that the current Gross International Reserve of the country is sufficient.

01:44It will also cover the 7.3 months of importation of goods and services, as well as the country's primary income.

01:53Aside from this, the value of the Reserve is three times and half of the current loan maturity of the Philippines.

02:01According to the BSP, the fall of the Reserve is due to the net foreign exchange duration of the BSP

02:08and the withdrawal of the government from their BSP deposit to pay foreign loans.

02:16The addition of the BSP will serve as a guide to maintain the stable economy of the country

02:22despite the challenges in the global market.

02:26Noel Talacay for Pambansang TV in Bagong, Philippines.

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