Central Banking

Philippines set to launch repo market

philippines-cb
The Philippines is preparing for massive infrastructure spending

The Central Bank of the Philippines has assigned a 0% reserve requirement to support the repurchase market that is set to be officially launched next week.

“This responds to the industry request to minimise the friction cost on repo transactions that conform to international best practices,” the BSP says in a statement today (November 24).

The government securities repo programme will be launched on November 27 as a part of local currency debt and foreign exchange market reforms.

The measures

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